Woolsey Fire News

California Commissioner Wants Insurers to Waive Inventory Requirement for Wildfire Victims

California Insurance Commissioner Dave Jones is asking residential insurers to pay at least 75 percent and up to 100 percent of personal property or contents coverage in the event of a total loss without requiring policyholders to provide detailed personal …

Official Figure on Insured Losses for 2018 California Wildfires Reaches $9B

The official tally for insured losses from this year’s major California wildfires is $9.05 billion – for now. California Insurance Commissioner Dave Jones on Wednesday released official figures for losses from the Camp Fire in Northern California and the Woolsey …

Modeler: Insured Losses from Camp Wildfire in California at $6B to $9B

Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the Camp Fire in Northern California will be between $6 billion and $9 billion, and taken together with the Woolsey fire in Southern California AIR estimates industry insured losses …

Modeler: Insured Losses from Woolsey Fire in Southern California at Least $2.5B

Catastrophe risk modeling firm AIR Worldwide on Friday said it estimates that insured losses from the Woolsey Fire in Southern California will be at least $2.5 billion. Moody’s on Thursday released estimates showing property/casualty insurers and reinsurers total insured losses …

Report Puts Losses from California Wildfires at $15B to $19B

Total losses from the wildfires in Northern and Southern California could reach from $15 billion to $19 billion, a report out on Tuesday shows. The report from industry data provider CoreLogic shows total losses from the Camp Fire, the most …

Latest Estimates of Insured Losses from California Wildfires at $9B to $13B

Insured losses from the Camp and Woolsey wildfires in California will be between $9 billion and $13 billion, according to the latest estimates from catastrophe modeler RMS. RMS’ latest estimates released on Monday show $7.5 billion to $10 billion for …

$8.6B Worth of Homes at High or Extreme Risk from California Fires

A report out on Friday shows 23,044 homes with a total reconstruction cost value of $8.6 billion are at high or extreme risk of wildfire damage within the perimeters of the Camp Fire in Northern California and the Woolsey Fire …

California Commissioner Wants Fire Claims Expedited, 9K Properties Lost

California Insurance Commissioner Dave Jones on Thursday issued a notice to insurers requesting they agree to expediting claims handling for Camp and Woolsey wildfire survivors to help them begin the recovery and rebuilding process more quickly. The Camp Fire, the …

Insurance Agent at Heart of Heartbreaking California Wildfire

Derek Ross has his hands full with the Woolsey Fire in Southern California for three reasons. He’s an insurance agent with numerous clients affected, he’s the president of the board of a school district that’s had to close due to …

Insurers’ Firefighting Teams Move to Limit Damage from California Wildfires

California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may soon rank among the industry’s most costly. The latest blazes …