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California’s Lara Orders 1-Year Moratorium for 750K Residents Following Wildfires
Sep 20 2024 // California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line...
Markets/Coverages: Mosaic Offers Syndicated Terrorism Cover for Fine Art & Specie
Sep 19 2024 // Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk. The...
Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes
Sep 18 2024 // Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after...
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model
Sep 17 2024 // California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says will be the nation’s first public wildfire catastrophe model. The plan is for the group...
In The Line of Fire: Key Insights from the 2024 CoreLogic® Wildfire Risk Report
Sep 16 2024 // This post is part of a series sponsored by CoreLogic. August 8, 2024, marked one year since the Lahaina Fires in Maui, which scorched approximately 6,500 acres and destroyed over 2,200 structures, leaving the Lahaina...
California Commissioner Issuing Moratorium on Cancellations for Wildfire Victims
Sep 16 2024 // California Insurance Commissioner Ricardo Lara has identified areas in the vicinity of the several ongoing large wildfires in the state that will be protected by a one-year moratorium on homeowners insurance non-renewal or...
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