Browsing: wildfire

Faced with an ongoing insurance crisis, some California homeowners are finding a path to retain coverage by meeting ‘Wildfire Prepared’ standards.

House Bill 1182 seeks to provide homeowners with more information on how insurers assess wildfire risk and determine premiums.

A new bill in the Colorado legislature aims to reduce homeowners insurance costs by encouraging wildfire risk mitigation.

The Second Appellate District of the California Court of Appeal upheld a lower court’s decision that wildfire debris on a property doesn’t constitute “direct physical loss” if no burn damage occurred, impacting homeowner insurance claims.

The Shasta County Board of Supervisors has unanimously voted to send letters to President Trump and Governor Newsom, urging action on wildfire mitigation and property insurance challenges.

State Farm has paid over $1 billion in wildfire claims, but anticipates significantly higher payouts, potentially impacting millions of California policyholders due to financial strain and credit rating downgrades.

Legislation seeks to make Colorado property insurers more transparent about wildfire risk assessments and mitigation efforts.

House Bill 1182 seeks to make insurance companies more transparent about assessing Colorado homeowners’ wildfire risk and the premiums they pay.

The Eaton Fire’s aftermath reveals stark differences in rebuilding prospects for neighbors in Altadena, CA, highlighting the nation’s growing home insurance crisis.

Following the Los Angeles wildfires, insurance professionals emphasize the need for brokers and agents to take a more proactive role in helping policyholders navigate the claims process.