Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires April 16, 2025 By Chad Hemenway The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter...
Could Utility Gear Set Your Neighborhood on Fire? California Risk Maps Are 8 Years Old April 15, 2025 By Malena Carollo Weeks after deadly fires swept through Los Angeles County, the state regulator in charge of overseeing utility companies declined a...
Getty Museum to Sell $500 Million of Debt for Fire Protection April 2, 2025 By Erin Hudson One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help...
California’s Snowpack Data Likely Signals Another Fire-Prone Summer April 1, 2025 By Brian K. Sullivan California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled...
State Farm, Consumer Group Battle Ahead of Calif. Insurance Commissioner Decision March 13, 2025 By Susanne Sclafane Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives...
Viewpoint: The Evolution of Homeowners Insurance in California—From Niche to Necessity March 12, 2025 By Mikhail Gorshunov For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental,...
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California February 12, 2025 Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available...
California Approves FAIR Plan Request to Assess Insurers $1B for Wildfire Claims February 11, 2025 By Don Jergler California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers...
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires February 11, 2025 Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers...
Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant February 10, 2025 By Trân Nguyen As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order...