property insurance News

California Bill Aimed at Property Insurance in Communities Investing in Wildfire Prevention

Assemblyman Marc Levine, D-Marin County, has introduced Assembly Bill 3258, which would require property insurance providers to take into consideration local government investments in wildfire prevention when determining insurance rates. California Insurance Commissioner Ricardo Lara and a group of Legislators …

California Worries About Drought and Wildfires Amid Dry Winter

California officials are bracing for the potential of another drought and an early and more intense wildfire season amid a record-breaking warm and dry February. February is shaping up to be driest on record for much of the state, with …

Oregon Wrestles With Building Facilities in Tsunami Zones

Experts say the big one is coming to the Pacific Northwest: a massive earthquake that will cause buildings and bridges to collapse and unleash a tsunami that will devastate the coast. But, doubling down on its decision last year to …

Fire Destroys 4 Businesses in Busy South Dakota Town

Four downtown businesses in a small southwestern South Dakota community have been lost in a fire, according to the city’s mayor. The Vault restaurant, China Buffet, the Quilt Shop and an ice cream shop were burned in the massive fire …

Storm, Floods Cause Damage at Washington’s Mount Rainier National Park

Mount Rainier National Park was hit by flooding and landslides that closed all roads to the park and damaged roads, trails and buildings. The damage throughout the park is expected to be revealed as extensive as floodwaters recede and snow …

California Vineyard Spills Nearly 100K Gallons of Red Wine into River

More than 97,000 gallons of red wine spilled from a tank at a vineyard in Sonoma County and eventually leaked into the Russian River, an accident officials said could hurt water quality in the 110-mile tributary flowing into the Pacific …

Why CIC Offers A 3-Year Policy

The knowledge each of your business clients have of insurance costs and premium calculations falls along a spectrum from unsophisticated to savvy. For most, it’s a budgeted line item required for risk mitigation, but the inability to predict rate changes …

Despite Wildfires, California Wine is Doing Just Fine – For Now

If you’re worried that wildfires might have created shortages of Northern California’s 2019 cabernet sauvignon, or even just imparted it with an undesirable smoky flavor, you can relax. The wine is just fine. For now. Despite a late October blaze …

Oregon Lawmakers Repealed Tsunami Zone Building Law

The Oregon Legislature has repealed a nearly 25-year-old law prohibiting new schools, hospitals, jails, and police and fire stations from being built in the state’s tsunami inundation zone. The Statesman Journal reported that coastal legislators, who pushed the bill, say …

UK-Based MGA EPUL Launches Coverage Solution for Unorthodox Property Risks in UK

European Property Underwriting Ltd. (EPUL), a commercial property managing general agent (MGA), has launched “Solutions,” a package of covers specifically designed to address the challenges that brokers face in placing cover for unorthodox property owner risks. This product provides cover …