homeowners insurance News

California Beach City Evacuated as Fire Jumps Los Angeles Freeway

California officials ordered an evacuation of the city of Malibu, an enclave for the area’s rich and famous, and told drivers to avoid a major freeway as a wildfire spread north of Los Angeles. The so-called Woolsey Fire has already …

State Help Available for Upstate New York Areas Hit by August Storms

Residents in New York’s Southern Tier and Finger Lakes region who were impacted by damaging storms and floods in August are eligible for financial help. Officials announced Friday that $13 million is available in the form of grants to homeowners …

House Fire in California May Have Been Started by Blowtorch Used to Kill Spiders

Authorities say a man apparently set a California home on fire while using a blowtorch to kill spiders. KFSN-TV reported 29 firefighters were called to a Fresno housing development Tuesday night to put out a two-alarm blaze. Authorities say a …

Insurtech Profile: Openly’s ‘Sophisticated’ Digital Experience for Independent Agents

Keep an eye out for Openly, a new digitally-sophisticated upmarket homeowners insurer catering to independent agents. According to Ty Harris, founder and CEO, Openly will launch in early 2019 in a yet-to-be-announced large inland state. “We’re going after mainland America …

Head of Crumbling Foundations Fund in Connecticut Says $1B Needed

The superintendent of a new captive insurance company charged with distributing millions of dollars to Connecticut homeowners with crumbling foundations is warning he doesn’t have nearly enough money to address the problem. Michael Maglaras said he hopes to secure funding …

Travelers Teams with Amazon to Offer Smart Home Products, Insurance Quotes

The Travelers Companies Inc. is teaming up with Amazon to offer smart home kits, insurance quotes and risk management information through a digital storefront: Amazon.com/Travelers. Customers will be able to obtain smart home kits at discounted prices in participating states. …

California Insurance Commissioner Wants Inventory Requirements Eased for 2018 Wildfire Survivors

California Insurance Commissioner Dave Jones wants insurers to assist wildfire survivors by voluntarily easing detailed personal property home inventory requirements and to follow the lead of other insurers providing at least 75 percent and up to 100 percent of contents …

California Governor Signs Bill Giving Wildfire Victims Options for Rebuilding

Homeowners who lose their houses to wildfire will be able to use their insurance to rebuild somewhere else under an urgency bill signed by California Gov. Jerry Brown on Friday. Assembly Bill 1800, authored by by Assemblyman Marc Levine, D-San …

Home Price Appreciation in Highest-Risk Areas Outpaces Overall Rate

Natural hazards are good at grabbing headlines, but they aren’t as good as dissuading people from buying homes in high-risk areas, a new report shows. Median home prices in areas that are in the top 80 percentile for risk of …

Largest Wildfire in California History Officially 100% Contained

Officials announced on Wednesday that the Mendocino Complex Fire, the largest wildfire in California’s history, is now 100 percent contained. The blaze burned a combined 459,123 acres, destroyed 280 structures including 157 residences, killed one firefighter and injured four others. …