homeowners insurance News

Verisk: 96% of the Area in California Fire at High or Extreme Wildfire Risk

Most of the area within the massive Thomas fire in Southern California is at high or extreme wildfire risk, according to a Verisk report on Wednesday. The fire encompasses more than 230,500 acres, and while containment on the wildfires in …

UK Supermarkets Analyze Customers’ Shopping Habits to Price Insurance Products

Ever wondered what your shopping habits say about your driving? Britain’s big supermarkets have. The two biggest, Tesco and Sainsbury’s, are offering discounts on financial products such as car insurance based on the predictability of people’s shopping, a step beyond …

FBI Keeping an Eye on Fraud in Northern California Fire Recovery

The FBI is joining efforts to prevent fraud related to Northern California wildfire recovery efforts. Nearly two dozen blazes ripped through the region in mid-October, destroying 8,800 structures and 245,000 acres of land. The FBI announced Wednesday it’s created a …

Report: 86K-plus Homes at Some Risk Level in Southern California Wildfires

A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires, according to a CoreLogic report issued on …

How Much Harm Did Harvey Do to Texas Homes?

Note: This story originally appeared in The Texas Tribune. As the state undertakes what could be the biggest housing recovery in American history after Hurricane Harvey, potentially thousands of Texas renters and homeowners trying to rebuild their lives are in …

California Policyholders Have 24 Months to Collect Wildfire Insurance Money

California’s insurance commissioner says homeowners who lost their homes in last month’s wildfires in Northern California have up to 24 months to collect insurance payments. Dave Jones said this week some out-of-state insurance adjusters brought in by companies to help …

Despite Recent Natural Disasters, Homeowners Fail to Enhance Coverage: Clearsurance

A recent online survey of 1,000 U.S. individuals uncovered that the majority (87 percent) are concerned about a natural disaster striking their area but very few have taken action to protect themselves from being uninsured or underinsured. Of those that …

Interim Charges for Texas House Committees Focus on Harvey’s Impact

In laying out the interim committee charges for the next legislative session, which will begin in January 2019, Texas House Speaker Joe Straus focused on Hurricane Harvey’s impact on the state. Almost every House committee received at least one charge …

Insured Losses from California Wildfires Now at $3.3 Billion

The largest California insurers have so far reported more than $3.3 billion in insured losses from the October wildfire siege, now considered the most destructive fires in state history. Insurance Commissioner Dave Jones on Tuesday updated insured loss claims data …

California Wildfires: May Take Years for Full Recovery

It will take at least months and likely years to fully recover from devastating wildfires that ripped through Northern California earlier this month, destroying at least 8,900 structures and killing 42 people, Sonoma County officials said . “We don’t control …