Browsing: wildfires

Colorado homeowners are taking proactive measures to protect their homes from wildfires, yet some are still losing insurance coverage. New legislation aims to bring more transparency and support.

UFG Insurance is adapting to the challenges of the volatile California insurance market through diversification, technology, and careful risk management.

UFG Insurance is adapting to the challenges in volatile insurance markets through diversification, advanced technology, and skilled underwriting.

Industry representatives express worries about legislation that could impact home insurance pricing and coverage in the face of increasing wildfire risk.

The FAIR plan bailout highlights the instability in California’s home insurance market, driven by escalating wildfire risks due to climate change.

California Insurance Commissioner Ricardo Lara has provisionally approved State Farm’s request for an emergency interim rate increase, subject to a public hearing where the company must justify the increase with supporting data.

The impact of the recent California wildfires is rippling through the property insurance market, leading to higher premiums, stricter policies, and fewer coverage options for homeowners.

California homeowners face rising insurance rates as climate change fuels increasingly destructive wildfires. This article examines the conflict between insurance providers and regulators, highlighting the broader economic impact of the climate crisis.

State Farm’s decision to stop writing new policies in California highlights the escalating crisis in the state’s homeowners insurance market, fueled by wildfire risks and regulatory constraints. Insurance Commissioner Ricardo Lara and industry experts discuss the future.

California legislators are working to address the state’s struggling insurance market amidst recent wildfires and rising costs.