Swiss Re: Global Insured Catastrophe Losses Hit $80B in First Half August 6, 2025 By Manya Saini Global insured losses from natural catastrophes hit $80 billion in the first half of 2025, driven by the L.A. wildfires...
California Commissioner Takes Legal Action Against FAIR Plan for Smoke Damage Claims July 31, 2025 California Insurance Commissioner Ricardo Lara is taking legal action against the California FAIR Plan Association for reportedly denying and limiting...
Newsom Seeks $18B for Utilities’ Wildfire Fund as California Faces Future Blazes July 31, 2025 By Eliyahu Kamisher and Mark Chediak California Gov. Gavin Newsom is circulating a legislative proposal to shore up a state fund for utilities that’s at risk...
California Department of Insurance Completes Final Review of Wildfire Model July 24, 2025 The California Department of Insurance completed a review of the state’s first wildfire catastrophe model, marking a dramatic change in...
Edison Sets Up Compensation Program for Victims of LA’s Eaton Fire July 24, 2025 By Mark Chediak Southern California Edison will set up a program to compensate victims of a deadly Los Angeles wildfire that it has...
Los Angeles Sues Airbnb for Alleged Price Gouging Following Wildfires July 18, 2025 By Jonathan Stempel Los Angeles sued Airbnb, accusing the home rental company of allowing price gouging affecting at least 2,000 properties during January’s...
First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events July 16, 2025 By L.S. Howard Global insured losses during the first half of this year were at least $100 billion, and more than 90% of...
Opinion: State Farm’s Wildfire Claims Response a Test of Trust and Operational Preparedness July 8, 2025 By Chip Merlin State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted...
California Insurance Commissioner Appoints Members to New Smoke Claims and Remediation Task Force July 7, 2025 California Insurance Commissioner Ricardo Lara has appointed members to his new Smoke Claims and Remediation Task Force, as part of...
Q1 Claims Volume Hits 5-Year Low But Severity Up on Wildfire Losses, Verisk Says June 19, 2025 By Ezra Amacher The quarter brought devastating wildfires to California, wind and hail events to Texas, and substantial increases in activity to "Tornado...