California Department of Insurance Issues Revised Plan of Operation for FAIR Plan December 19, 2019 Editor’s note: This story has been updated with comments from a FAIR Plan official. The battle between the California Department...
As California Thins Forests to Limit Wildfire Risk, Some Resist December 16, 2019 By Matthew Brown and Christina Larson Buzzing chainsaws are interrupted by the frequent crash of breaking branches as crews fell towering trees and clear tangled brush...
FedNat Completes Acquisition of 1347 Property Insurance Homeowners Operations December 4, 2019 FedNat Holding Company (FNHC), an insurance holding company, has completed its acquisition of the homeowners insurance operations of 1347 Property...
Up-Market Home Insurtech Openly Opens for Business in 2 States After Raising $7.6M November 26, 2019 By Andrew G. Simpson The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time...
California Commissioner Issues Emergency Notice to Expedite Wildfire Claims November 20, 2019 California Insurance Commissioner Ricardo Lara on Wednesday issued an emergency notice to all property/casualty insurers doing business in California requesting...
A.M. Best Says Insurers Challenged by ‘New Normal’ of California Wildfires October 31, 2019 While the number of burned acres in 2019 is still well below the number reported last year through October, experts...
Another $550M in Properties at Immediate Risk in 3 California Blazes, Report Shows October 30, 2019 By Don Jergler A catastrophe modeler released figures on Wednesday showing how costly ongoing California blazes could potentially be as blustery winds make...
California Wildfire Damage at $25.4B and Rising October 29, 2019 By Nic Querolo and Brian K. Sullivan Damages from the fires ripping across California stand at $25.4 billion, and they’re bound to keep rising. The Kincade fire...
Velocity Risk Underwriters Expands Coverage to Coastal Homeowners in New Jersey October 23, 2019 Velocity Risk Underwriters LLC has expanded its home insurance products and now offers coastal homeowners policies in New Jersey. This...
Head of Connecticut Crumbling Foundations Program to Stay on the Job October 3, 2019 The head of an assistance program for Connecticut homeowners with crumbling foundations has delayed his departure from the organization. The...