Maui Fire Caused by Broken Power Lines, County and US Find October 3, 2024 By Mark Chediak The fire that razed the historic Maui town of Lahaina last year was caused when Hawaiian Electric Industries Inc. re-energized...
California Wildfires Have Burned 1M Acres So Far This Year. Heat Wave Poses More Risk October 2, 2024 The total acres burned in California this year surpassed 1 million as spiking temperatures this week added to the challenges...
Hawaii High Court Agrees to Weigh in on Issues Holding up $4B Wildfire Settlement October 1, 2024 By Jennifer Sinco Kelleher Hawaii’s Supreme Court will consider questions about issues that threaten to thwart a $4 billion settlement in last year’s devastating...
Zillow Listings Will Now Highlight Climate Risks, Insurance Info September 27, 2024 For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat...
Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role September 26, 2024 By Andrew J. Hoffman Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide,...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P September 26, 2024 State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss...
California’s Lara Orders 1-Year Moratorium for 750K Residents Following Wildfires September 20, 2024 California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000...
Home Insurance Customers Staying Put Despite More Shopping Around: J.D. Power September 18, 2024 By Chad Hemenway Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer...
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model September 17, 2024 California Insurance Commissioner Ricardo Lara and Cal Poly Humboldt plan to form a strategy group to undertake what Lara says...
US Property Insurance Rates Fall for First Time Since 2017 September 17, 2024 By Alexandre Rajbhandari US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid...