Florida to Borrow Billions to Backstop Insurers After Hurricanes January 23, 2024 By Nic Querolo Florida is planning to borrow as much as $3.8 billion to infuse a state fund that reimburses property insurers for...
New FEMA Rules Aim to Cut the Red Tape of Disaster Recovery January 22, 2024 By Rebecca Santana Anyone who has lived through a natural disaster and then applied to the federal government for assistance knows that it...
USGS: Nearly 75% of U.S. Could Experience A Damaging Earthquake January 19, 2024 Nearly 75% of the U.S. could experience damaging earthquake shaking, a recent U.S. Geological Survey report shows. A USGS-led team...
Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re January 19, 2024 Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123...
Helping Maui Recover from Flames and Wildfire Prevention Top Hawaii Lawmaker Agenda January 16, 2024 By Audrey McAvoy Hawaii lawmakers are due to convene this week for the first time since the burning of historic Lahaina awakened the...
Climate Change and Homeowners’ Insurance Are on a Collision Course June 9, 2023 By Leslie Kaufman A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched...
Farmers Says Zesty.ai Wildfire Risk Assessments to Bring 30,000 New Homeowners’ Policies June 15, 2021 By Jim Sams Farmers Insurance announced Monday that California regulators have approved its plan to assess wildfire risk by using a tool that...
Unwitting Insurers May Be Subsidizing Marijuana Grow Houses March 5, 2020 By Jim Sams GARDEN GROVE, Calif. — While California has a $1.4 billion legal marijuana market, a black market of perhaps equal size...
Animal House: Squirrel Wrecks Home, Insurance Won’t Fix it January 8, 2020 ATLANTA — An Atlanta couple said they came home from a winter vacation to find their house had been ransacked...
New InsurTech Offering Brings Free Home Maintenance Visits with Price of Policy August 27, 2019 By Jim Sams Many insurance carriers offer their customers discounts on smart home products that protect homes from fire, water and theft. Some...