Conflagration changes how a wildfire behaves, spreads, and devastates communities — and it also changes how risk must be evaluated.
Tag: wildfire
Wildfire Risk Drives Up Colorado Homeowners’ Insurance Costs
Colorado homeowners are facing steeply rising insurance costs as wildfire risk grows, according to a new report from Colorado State University’s (CSU) Regional Economic Development Institute. The study highlights significant premium increases, growing concerns about underinsurance, and the introduction of a state-backed insurance option. Rising Premiums and High Rankings Colorado now ranks as the sixth-costliest… Continue reading Wildfire Risk Drives Up Colorado Homeowners’ Insurance Costs
California Insurance Commissioner Presses for Action on Wildfire and Health Bills
Insurance Commissioner Ricardo Lara is urging Governor Gavin Newsom to sign a series of wildfire and health-related bills that have passed the Legislature and are awaiting approval.
Older California Homes for Sale Now Must Come With Wildfire Warnings
California has become the first state in the U.S. to require sellers of older homes in high-risk wildfire zones to disclose not just the property’s fire risk but also what measures have been taken to reduce those vulnerabilities.
Wildfire Risk 2025: Priced Out and Burned Out
Cotality’s latest report, Wildfire Risk 2025: Priced Out and Burned Out, paints a sobering picture of how climate-driven destruction, soaring rebuild costs, and shrinking insurance options are colliding to leave families and lenders in financial jeopardy.
Senate Bill Seeks Data on Wildfire Effects on Home Insurance
On July 25, 2025, U.S. Senators Martin Heinrich (D-NM) and Tim Sheehy (R-MT) introduced a bipartisan bill titled the Wildfire Insurance Coverage Study Act of 2025.
California’s Wildfire Insurance Crisis: Why a Public Risk Model Could Be the Game-Changer
California’s escalating wildfire threat — fueled by climate change and human development — is straining the insurance market, but a new public risk model could reshape premium calculations and offer homeowners better protection.
Colorado Shifts Wildfire Insurance Strategy: Homeowners to Bear the Cost
Colorado lawmakers have reshaped a key piece of wildfire insurance legislation, House Bill 1302, shifting the financial burden for reinsurance funding from utility companies to homeowners.
Rebuilding Fire-Impacted Communities: Expert Strategies for Safer Design
Wildfires have once again left a lasting impact on Southern California, reducing entire neighborhoods to ash and prompting critical discussions on how to rebuild in a way that prioritizes safety.
Wildfire Recovery in L.A. Stalls as Insurers Pull Back on Coverage
The aftermath of the recent wildfires in Los Angeles, particularly in the Pacific Palisades area, has left displaced residents facing significant challenges in rebuilding due to insurance constraints.