Senate Passes $19.1 Billion Relief Package for Natural Disasters, Extends Flood Program through September

Close up dollar bill

The Senate passed a $19.1 billion disaster-aid plan Thursday for areas hit by hurricanes, Midwest floods and California wildfires after lawmakers resolved months of disagreement over funds for Puerto Rico. President Donald Trump said he supports the bill. The 85-8 vote sends the bill to the House, which plans to vote as soon as possible,… Continue reading Senate Passes $19.1 Billion Relief Package for Natural Disasters, Extends Flood Program through September

Millions Live in Parts of California Threatened by Wildfires

Ca property insurance reforms

Impoverished towns in the shadow of Mount Shasta. Rustic Gold Rush cities in the Sierra Nevada foothills. High-dollar resort communities on the shores of Lake Tahoe. Ritzy Los Angeles County suburbs. They all could be the next Paradise. A McClatchy analysis reveals more than 350,000 Californians live in towns and cities that exist almost entirely… Continue reading Millions Live in Parts of California Threatened by Wildfires

AIR Worldwide Updates Insured Loss Estimates for California Wildfires

CA wildfire risks

Catastrophe modeling firm AIR Worldwide announced that it has updated its loss estimates for the recent California Wildfires after analyzing findings from its damage survey conducted during the week of October 30, along with newly acquired information about policy terms, and a re-examination of the replacement values of high-value homes within its industry exposure database… Continue reading AIR Worldwide Updates Insured Loss Estimates for California Wildfires