International, Domestic Insurers Push Into Catastrophe-Hit US Property Markets December 16, 2024 By Carolyn Cohn and Noor Zainab Hussain International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits...
California Commissioner Announces Regulation to Enable the Use of Modeling in Rates December 13, 2024 California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation...
Firefighters Getting Handle on California Blaze That Threatened Malibu December 13, 2024 Firefighters are getting a better handle on a California wildfire that was threatening the city of Malibu as the winds...
Malibu Firefighters Make Gains on Blaze as Wind Warnings Persist December 11, 2024 By Lauren Rosenthal and John Gittelsohn Firefighters made some gains containing a raging wildfire that threatens Malibu, California, even as the burn area doubled in size...
Farmers Now Eyeing California Favorably and Will Expand Its Coverage Options December 11, 2024 Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers....
Malibu Fire Explodes in Size, Forces Thousands to Evacuate December 10, 2024 A Southern California wildfire whipped by “particularly dangerous” winds destroyed homes, shut schools and spurred the evacuation of thousands of...
Fraud Ringleader in Washington Sentenced, Ordered to Pay $7.1M in Restitution December 6, 2024 A Washington man has been sentenced to a dozen years in prison and ordered to pay $7.1 million for leading...
Arizona DOI Forms Council to Address Availability and Affordability in Wildland December 5, 2024 Arizona Department of Insurance Director Barbara D. Richardson has created a Resiliency and Mitigation Council that plans to examine the...
Californians Pay Billions for Power Companies’ Wildfire Prevention Efforts. Are They Cost-Effective? December 5, 2024 By Alejandro Lazo Diane Moss lost her home in the Santa Monica Mountains after power lines ignited the apocalyptic Woolsey Fire in 2018....
Safer Buildings Vs More Housing: How New Building Codes May Impact Hawaii November 22, 2024 By Thomas Heaton A month after wildfires ravaged Maui in August 2023, Gov. Josh Green issued an emergency proclamation to postpone the adoption...