Browsing: wildfire

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.

California Insurance Commissioner issues moratoriums and grace periods to help wildfire victims with their property insurance, offering financial relief.

California’s insurance commissioner unveils a plan to stabilize the state’s insurance market in the face of increasing wildfire risks, prompting mixed reactions from stakeholders.

California’s Sustainable Insurance Strategy aims to improve insurance access, create a resilient market, and protect communities from climate change impacts.