catastrophic loss News

SC Island Property Owners Ask State to Keep Sandbag Wall

COLUMBIA, S.C. (AP)–A politically appointed board will hear an appeal from property owners who want to bury sandbags along a South Carolina beach to fight erosion, despite concerns that sandbag walls are likely to make the beach wash away faster. …

Time to Riot? Wrong Comment Can Reignite Firestorm, Experts Say

The boarded-up windows in shopping districts throughout the United States represent a reasonable assessment of risk in a nation that has already experienced historic damages from civil unrest and appears poised to erupt into violence again, executives for Verisk’s Property …

California Lawmakers Eyeing Catastrophic Wildfire Fund

Creation of a catastrophic wildfire risk pool is emerging as the most likely option as California lawmakers seek to protect the solvency of investor-owned utilities from record payouts for fire damages. PG&E filed for a bankruptcy reorganization this year, saying …