homeowners insurance News

Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says

The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” Weeks after a U.S. Senate committee released a study and held a hearing on the affect of climate change …

Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene

As southern California continues to suffer from wildfires, officials in another part of the country fear their area could be next – thanks to tons of dry wood left over from Hurricane Helene’s wind and flooding. “The number one fire …

Hawaii Fireworks Injuries Comparable to Those Seen on Battlefield, Doctor Says

Some wounds suffered by six Hawaii residents flown to Arizona for medical treatment after a deadly illegal fireworks explosion on New Year’s are comparable to battlefield injuries, the doctor overseeing their care said. Dr. Kevin Foster, the director of the …

LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag

Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in the path of conditions that would allow blazes to spread quickly as the region holds out hope for rain. Seasonal …

Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger

California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change — which is driving such conflagrations by making conditions …

Moody’s Says LA Fire May Pose Risk to Southern California Edison

The Eaton Fire in central Los Angeles County poses a potential credit risk to power provider Southern California Edison, which operates electrical lines in the area where the destructive blaze first started, Moody’s Ratings said in a report on Thursday. …

A Los Angeles Actuary on Lessons From the Palisades Fire

I watched as the skies over my home in Los Angeles turned an apocalyptic orange on January 7, 2025, as wildfires raged across the state. Among the most devastating, the Palisades Fire consumed thousands of acres, leaving a wake of …

Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’

The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week has officials worried. “Things are starting to …

California Expands Moratorium on Homeowners Insurance Cancellations, Non-Renewals

California Insurance Commissioner Ricardo Lara expanded emergency insurance protections for Southern California homeowners, adding new ZIP Codes to those already under a mandatory one-year moratorium on insurance non-renewals and cancellations. The expanded order shields those within the perimeters or adjoining …

Los Angeles Is on Edge as Strong Winds Keep Fire Danger Elevated

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California, creating the risk of more blazes in the wake of a disaster that has killed at least 24 people, driven thousands from their homes and …