Traditional home insurers are backing away from insuring homes in high-risk wildfire areas in California, new data from the state’s insurance regulator shows. Homeowners in fire-prone regions have complained in the past year about being dropped from their home-insurance policies and forced to buy coverage from surplus carriers or from the state insurer of last… Continue reading Insurers’ Non-Renewal Rate Rises in CA ZIP Codes Hit by Wildfires in 2015, 2017
Tag: fire insurance
Study Finds Almost Half of U.S. Residents Don’t Have a Home Inventory List Should Disaster Strike
New survey data released today as part of the Farmers Insurance® Seasonal Smarts Digest shows nearly half of U.S. residents (44%) have never made a home inventory list, possibly putting themselves at risk of potential stress in the event of a major loss. This risk takes on greater significance considering that 70 percent of Americans… Continue reading Study Finds Almost Half of U.S. Residents Don’t Have a Home Inventory List Should Disaster Strike
California Wildfires Cause Devastating Losses Between $15B-$19B: CoreLogic
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced updated residential and commercial loss estimates for the recent catastrophic wildfires in California. According to this new data analysis, total losses from the Camp Fire, the most destructive wildfire in the state’s history, are estimated to be between $11 billion and $13… Continue reading California Wildfires Cause Devastating Losses Between $15B-$19B: CoreLogic
CA Gov Brown Signs Wildfire Safety Bill Blasted as PG&E Bailout
Gov. Jerry Brown on Friday signed sweeping legislation designed to remedy California’s past, present and future wildfire ailments, brushing aside criticism that it is a bailout for PG&E, which faces a troubling mountain of liabilities linked to infernos that torched Wine Country and other regions nearly a year ago. “Wildfires in California aren’t going away,… Continue reading CA Gov Brown Signs Wildfire Safety Bill Blasted as PG&E Bailout