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
Tag: homeowners insurance
Monster California Fires Threaten Dozens of Communities as Tens of Thousands Flee
Evacuations widened in the San Francisco Bay Area overnight as wildfires ringing the region scorched hundreds of square miles, edged toward San Jose and produced perhaps the world’s worst air quality. In all, more than 349,000 acres have burned in Northern and Central California — the equivalent of 546 square miles, more than the land… Continue reading Monster California Fires Threaten Dozens of Communities as Tens of Thousands Flee
CA Wildfires More than Double in Size, Force Thousands to Evacuate
Wildfires touched off by a barrage of lightning strikes in central and northern California continue to expand, with one grouping of fires — known as the LNU Lightning Complex in Napa and Sonoma counties — more than doubling in area since Wednesday, to 124,100 acres. According to Cal Fire, the state firefighting agency, this fire… Continue reading CA Wildfires More than Double in Size, Force Thousands to Evacuate
Nearly 50% of Homeowners Confused Over their Coverage
Many Americans are confused about the basics of homeowners insurance, according to a new survey from Policygenius, the nation’s leading online insurance marketplace. Even respondents who noted they have home insurance were not sure about some of the basics. Nearly half of homeowner respondents (49.4%) incorrectly reported how to calculate the coverage amount for their… Continue reading Nearly 50% of Homeowners Confused Over their Coverage
PG&E Achieves Bankruptcy Court Confirmation of its Plan of Reorganization
PG&E Corporation and Pacific Gas and Electric Company (together “PG&E”) announced today that the United States Bankruptcy Court for the Northern District of California has confirmed the company’s Chapter 11 Plan of Reorganization (the Plan). This follows the California Public Utilities Commission’s approval of the Plan on May 28, 2020. “Today’s ruling in the Chapter… Continue reading PG&E Achieves Bankruptcy Court Confirmation of its Plan of Reorganization
60% of Homeowners Lack Flood Insurance in High-Risk Zones
Where disasters are concerned, 2020 is destined to go down in history as the year of the coronavirus — but that doesn’t make the threat of seasonal weather events any less urgent. As flood season approaches, ValuePenguin analyzed flood insurance coverage statistics from the National Flood Insurance Program (NFIP) to find out which cities have… Continue reading 60% of Homeowners Lack Flood Insurance in High-Risk Zones
PG&E Says Wildfire Victims Voted for $13.5B Settlement Offer
PG&E Corp. said it survived attempts to rally wildfire victims against a $13.5 billion settlement offer, positioning the bankrupt utility favorably to exit chapter 11 on its preferred terms. Opponents of PG&E’s bankruptcy exit strategy had spent weeks laying out their concerns, with a particular focus on personal-injury lawyer Mikal Watts, whose firm counts 16,000… Continue reading PG&E Says Wildfire Victims Voted for $13.5B Settlement Offer
Early Forecasts Call for Busy Hurricane Season
Early forecasts for hurricane season have produced an ominous consensus: The odds of a busy season have strengthened. AccuWeather, Colorado State University, The Weather Company and seven other organizations all predict above-average seasons, as warm ocean temperatures and expected global climate patterns create favorable conditions for the whirling storms. An average season produces seven hurricanes.… Continue reading Early Forecasts Call for Busy Hurricane Season
Insurers Receive More than 8,200 Property Damage Claims after Tennessee Storms
The tornadoes and storms that swept through Southeast Tennessee on Easter night toppled or damaged more than 6,200 homes and commercial buildings and left more than 1,300 cars in need of repair, according to initial insurance claims filed in the first week after the April 12-13 storms. More than 8,200 insurance claims have been filed… Continue reading Insurers Receive More than 8,200 Property Damage Claims after Tennessee Storms
Forecasters See Above Average 2020 Atlantic Hurricane Season
The 2020 Atlantic hurricane season could see a greater than average number of major hurricanes because of warmer seas and favorable weather patterns, forecasters from Colorado State University’s Tropical Meteorology Project said on Thursday. Four major hurricanes packing winds of at least 111 miles per hour (179 km) are possible during the season that begins… Continue reading Forecasters See Above Average 2020 Atlantic Hurricane Season