The Glass Fire, a destructive wildfire that burned close to 800 homes in California’s North Bay area and forced tens of thousands to evacuate after sparking in extreme wind late last month, is almost fully contained. With temperatures cooler, humidity higher and winds calmer, crews have made great progress in recent days, boosting containment to… Continue reading Glass Fire 95% Contained After Burning Nearly 800 Homes in Napa, Sonoma Counties
Tag: california wildfires
Homebound: The One-Stop Rebuilding Shop for Wildfire Victims
California is on fire. Already this year, thousands of people have lost their homes, and communities are struggling to figure out how to rebuild. Nikki Pechet wants to be the person they turn to. Pechet co-founded Homebound Inc. in 2018 after the Tubbs Fire destroyed 4,600 homes in Northern California, envisioning the company as a… Continue reading Homebound: The One-Stop Rebuilding Shop for Wildfire Victims
CA Gov. Newsom Signs Insurance Bill Providing Quicker Payments for Wildfire Losses
Wildfire victims who lose their home and possessions will be able to recoup money for their expenses faster, thanks to legislation that makes property insurance benefits easier to collect. Gov. Gavin Newsom signed Senate Bill 872 into law Thursday, providing a suite of insurance protections and streamlined claims processing to better respond to the recovery… Continue reading CA Gov. Newsom Signs Insurance Bill Providing Quicker Payments for Wildfire Losses
CA Insurance Commissioner Takes Action to Protect Consumers, Stabilize Insurance Market following Wildfires
With devastating fires continuing to burn across California, Insurance Commissioner Ricardo Lara will convene an investigatory hearing on Monday, October 19 to initiate a series of regulatory actions that will protect residents from the increasing risk of wildfires. Several years of deadly and destructive wildfires, intensified by climate change, have made insurance more difficult and… Continue reading CA Insurance Commissioner Takes Action to Protect Consumers, Stabilize Insurance Market following Wildfires
Scientists Studying Why California Keeps Burning
Residents of fire-ravaged Western states, and an entire world of observers looking on in horror, have asked themselves, “How can this be happening?” As fire last week taunted Paradise, California, destroyed in the 2018 Camp Fire, many others have found themselves asking a related, but much more complicated question: How can this be happening again?”… Continue reading Scientists Studying Why California Keeps Burning
California Winemakers Are Racing to Salvage their Grape Harvests Before Wildfires Destroy Them
After four years of worsening fire conditions, California winemakers have been forced to make a difficult decision: salvage what they can before smoke ruins their grapes or lose the crops and hope insurance will cover the losses. Since August 15, over 1.6 million acres in California have burned — an area about the size of… Continue reading California Winemakers Are Racing to Salvage their Grape Harvests Before Wildfires Destroy Them
Wildfires Hasten Another Climate Crisis: Homeowners Who Can’t Get Insurance
As wildfires burn homes across California, the state is also grappling with a different kind of climate predicament: How to stop insurers from abandoning fire-prone areas, leaving countless homeowners at risk. Years of megafires have caused huge losses for insurance companies, a problem so severe that, last year, California temporarily banned insurers from canceling policies… Continue reading Wildfires Hasten Another Climate Crisis: Homeowners Who Can’t Get Insurance
As Wildfire Victims Return Home, NICB Urges Caution to Avoid Fraud
Cal Fire personnel continue to battle blazes as hundreds of thousands of acres burn following recent lightning storms causing the evacuation of thousands of Californians. When evacuees return home, they could be faced with the long, somber task of rebuilding their homes and lives – and could be victimized by dishonest contractors looking to make… Continue reading As Wildfire Victims Return Home, NICB Urges Caution to Avoid Fraud
Hedge Fund Baupost Collects $3 Billion Wagering on PG&E’s Wildfire Claims
Baupost Group, the hedge fund run by Seth Klarman, received more than $3 billion in July from its bet on insurance claims against PG&E Corp. connected to a series of deadly California wildfires, according to people with knowledge of the matter. The payout yielded Baupost’s biggest profit generator last month and represented a sizable markup… Continue reading Hedge Fund Baupost Collects $3 Billion Wagering on PG&E’s Wildfire Claims
Wildfires: California Insurance Commissioner Urges Evacuees to Record Expenses, Seek Reimbursement
California residents with insurance who are evacuating wildfires may have coverage for relocation costs, even if their properties are not damaged or destroyed. More than 10,000 weekend lightning strikes caused hundreds of fires that are still active across the state, leading to continuing orders for tens of thousands of people to leave their homes. “With… Continue reading Wildfires: California Insurance Commissioner Urges Evacuees to Record Expenses, Seek Reimbursement