Latest Estimates of Insured Losses from California Wildfires at $9B to $13B November 19, 2018 Insured losses from the Camp and Woolsey wildfires in California will be between $9 billion and $13 billion, according to...
$8.6B Worth of Homes at High or Extreme Risk from California Fires November 16, 2018 A report out on Friday shows 23,044 homes with a total reconstruction cost value of $8.6 billion are at high...
California Commissioner Wants Fire Claims Expedited, 9K Properties Lost November 15, 2018 California Insurance Commissioner Dave Jones on Thursday issued a notice to insurers requesting they agree to expediting claims handling for...
PG&E’s Camp Wildfire Liabilities Could Exceed Renewed Insurance November 14, 2018 By John Benny and Saumyadeb Chakrabarty Shares of utility PG&E Corp. fell 18 percent on Wednesday after the company warned of liquidity concerns if its equipment...
Solutions to Wildfires in Time of Climate Change Are Costly, Unpopular November 14, 2018 By Christopher Flavelle California’s deadly wildfires have a straightforward solution, experts say: stop building homes in places that are likely to burn —...
How Insurance Industry Might React to ‘New Normal’ of California’s Historic Wildfires November 13, 2018 By Don Jergler The “new normal” for California has yielded another year of record wildfires and billions of dollars in insured losses. Homeowners...
Will California See More Laws and Regulations in Wake of Wildfires? November 13, 2018 By Don Jergler Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws...
RenaissanceRe Estimates Q3 Claims Costs of $155M from Natural Catastrophes October 18, 2018 RenaissanceRe Holdings Ltd. announced it currently estimates that the cost of claims from third quarter 2018 catastrophe events will have...
Report Shows California Wildfires, Climate Change Altering Insurance Landscape August 27, 2018 By Don Jergler Insurers may be non-renewing more in wildfire-prone areas of California, sending an increasing number of people to the residual market...
Fires May Make It Harder for Homeowners to Get Insurance in California August 14, 2018 By Sarah Skidmore Sell California homeowners may find themselves facing insurance headaches even if their houses weren’t affected by this year’s blazes. The California...