More SE States Pushing Funding, Discounts for Stronger Roofs as Storms Increase January 10, 2025 By William Rabb A residual property insurer and regulators in two Southeastern states are emphasizing roof integrity, more signs that mitigation and prevention...
Edison Denies LA Wildfire Involvement as Insurers Ask It to Preserve Evidence January 10, 2025 By Bipasha Dey and Arunima Kumar Southern California Edison said it had received notices from insurance companies to preserve evidence related to the Eaton Fire that...
Catastrophic Weather Drives Insured Losses to Highest Since 2017 January 10, 2025 By Stephan Kahl As 2025 begins with wildfires wreaking devastation across Los Angeles, it’s now clear that insured losses from natural catastrophes last...
California Wildfires Will Likely Lead to Large Economic and Insured Losses January 8, 2025 By Don Jergler Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders...
Thousands Flee From Uncontrolled Wildfires Burning Near Los Angeles January 8, 2025 By Brian K. Sullivan Millions of people in California face at least two more days of dry, hot winds that have fanned fires across...
For AUP in Claims, Objectivity and Training Expertise is Key December 26, 2024 By Andy McCallum Even though hurricane season 2024 has passed, claims professionals are still hard at work processing claims and damages in the...
Safeco to Stop Writing New Condo and Renter Policies in California December 20, 2024 It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing...
Advocacy Groups Ask FIO to Release Homeowners Insurance Data Collected by NAIC December 18, 2024 By Chad Hemenway A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners...
International, Domestic Insurers Push into Catastrophe-Hit US Property Markets December 16, 2024 By Carolyn Cohn and Noor Zainab Hussain International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits...
California Commissioner Announces Regulation to Enable the Use of Modeling in Rates December 13, 2024 California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation...