homeowners insurance News

Report: 10 of Top U.S. Metros at Moderate to Very High Risk of Wildfire Are in California

Ten of the top 15 metropolitan areas for wildfire risk concentration are in California, while more than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire …

Residents in Alaska Capital Clean up Swamped Homes After Ice Dam Burst and Unleashed a Flood

In her yard under the blazing sun, Debbie Penrose Fischer leafed through a water-logged cookbook with sentimental value that she hoped to salvage but doubted she could. Nearby, friends helped carry boxes out of her family’s garage, which was inundated …

Residents in Alaska Capital Clean up Swamped Homes After Ice Dam Burst and Unleashed a Flood

In her yard under the blazing sun, Debbie Penrose Fischer leafed through a water-logged cookbook with sentimental value that she hoped to salvage but doubted she could. Nearby, friends helped carry boxes out of her family’s garage, which was inundated …

Hawaiian Electric Pegs Loss at $1.7 Billion From Maui Fire

Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning. Hawaiian Electric said last week that it had agreed to pay …

California Commissioner Moves to Implement Insurance Rate Review Reforms

California Insurance Commissioner Ricardo Lara on Friday released a statement on his latest administrative action designed to address the state’s homeowners insurance crisis. Lara today issued a bulletin implementing rate review reforms he says will help stabilize the state’s insurance …

Fast-Moving Southern California Wildfire Torched Hillside Homes, Forcing Evacuations

A fast-moving wildfire that swept into a Southern California hillside community this week destroyed five homes and damaged three others, authorities said. The flames erupted Monday afternoon and chased residents from the neighborhood in San Bernardino, about 60 miles east …

‘We’re Going to Survive and It’s Going to Come Back’: A Year After Maui Wildfire, Survivors Press on

They have combed the ashes for mementos, worried about where they would sleep, questioned their faith and tried to find a way to grieve amid the great, unsettling devastation. Residents have faced a year of challenges, practical and emotional, since …

California’s Park Fire Continues to Slowly Grow to 647 Square Miles

The Park Fire continues to slowly grow to 647 square miles, as thousands of firefighters continue to work to gain more control over the Northern California blaze, which is now the state’s fourth largest on record. The fire runs across …

Containment Increased on Massive Wildfire, 640 Structures Destroyed

Firefighters have increased containment on the 627-square-mile Park Fire near Chico, California, which is now 34% contained. The fire, now the fourth largest wildfire in history, is 401,740 acres. It was 24% contained on Friday. It has destroyed 640 structures …

Legislation Will Provide $100M in Aid to Victims of Wildfires and Flooding in New Mexico

New Mexico Gov. Michelle Lujan Grisham has signed legislation that will provide $100 million in emergency aid to victims of recent wildfires and flooding in Lincoln County. The spending bill includes $70 million for local governments to use as zero-interest …