Browsing: wildfires

California’s insurance commissioner unveils a plan to stem the exodus of insurers from the state, focusing on computer modeling and coverage requirements in high-risk areas.

The recent devastating fires in Los Angeles are expected to further strain California’s already beleaguered insurance market, raising questions about the state’s plan to stabilize coverage.

Escalating natural disasters are driving up home insurance costs in Colorado, leading to non-renewals and cancellations for many residents.

Following recent wildfires, State Farm’s request for a significant premium increase is denied, leading to a potential confrontation.

State Farm General is requesting an emergency rate increase in California, citing the financial strain caused by recent wildfires and potential future claims.

The recent wildfires in California are increasing the risk of floods, potentially forcing homeowners to pay for expensive flood insurance.

California’s home insurance plan of last resort faces a cash crunch due to increased wildfire claims, leading to a $1 billion assessment on private insurers.

As extreme weather events become more frequent and severe, California homeowners are losing their insurance coverage, leading to an escalating crisis.

The California wildfires prompted broader adoption of risk management technology to mitigate wildfire risk, experts say.

Legislative efforts aim to stabilize the property insurance market through expanded coverage, moratorium extensions, and community hardening initiatives.