California Wildfires Will Likely Lead to Large Economic and Insured Losses January 8, 2025 By Don Jergler Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders...
Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California January 2, 2025 Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under...
California Commissioner Issues Regulation to Allow Reinsurance in Ratemaking December 30, 2024 California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help...
Safeco to Stop Writing New Condo and Renter Policies in California December 20, 2024 It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing...
California Commissioner Announces Regulation to Enable the Use of Modeling in Rates December 13, 2024 California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation...
Farmers Now Eyeing California Favorably and Will Expand Its Coverage Options December 11, 2024 Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers....
Californians Pay Billions for Power Companies’ Wildfire Prevention Efforts. Are They Cost-Effective? December 5, 2024 By Alejandro Lazo Diane Moss lost her home in the Santa Monica Mountains after power lines ignited the apocalyptic Woolsey Fire in 2018....
California Department of Insurance Moves Modeling Regulation Proposal Forward November 19, 2024 The California Department of Insurance has submitted its final wildfire catastrophe modeling regulation to the Office of Administrative Law for...
Survey Shows California’s Insurance Crisis Is Impacting Home Sales October 30, 2024 Realtors in California are reporting more difficulty selling homes because of the insurance crisis, according to a survey from the...
Wuuii Partnering with IBHS on Wildfire Prepared Home Option for Californians October 18, 2024 Wuuii is partnering with the Insurance Institute for Business and Home Safety to combine IBHS’ Wildfire Prepared Home program and...