North Carolina carriers want to hike average mobile home fire rates 82.9% and mobile home casualty rates 49.9% over three years, according to the North Carolina Department of Insurance.
Tag: fire insurance rates
Sonoma County Fire Explodes to 10,000 Acres, Prompting Additional Evacuations
Pushed by wind gusts that topped 70 mph, a monster brush fire spread rapidly overnight in a rural section of Sonoma County, California, threatening communities and forcing evacuations. The Kincade fire is an estimated 10,000 acres and has no containment, according to the California Department of Forestry and Fire Protection and local officials. It is… Continue reading Sonoma County Fire Explodes to 10,000 Acres, Prompting Additional Evacuations
No One Can Agree on How to Price California Home Insurance for Wildfires
Finding home insurance in wildfire-prone parts of California is getting more difficult and more expensive. No one can agree on how to make it any easier. A new flashpoint is the use of algorithmic models for predicting catastrophe losses. Insurers have long used these models to project losses from natural disasters but insurers, homeowners and… Continue reading No One Can Agree on How to Price California Home Insurance for Wildfires