May 14, 2024
Farmers Å˽ðÁ«´«Ã½Ó³» said it will resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution policies in California. The action follows the insurer group’s recent decision to lift its temporary moratorium …
April 29, 2024
Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at least in California, according to the head of the state’s largest electricity provider. “Frankly, I think Buffett got it wrong in …
April 18, 2024
California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Å˽ðÁ«´«Ã½Ó³» Co. and Trans Pacific Å˽ðÁ«´«Ã½Ó³» Co., plan to withdraw from the wildfire-prone state entirely starting in July. The two companies, units …
April 18, 2024
Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found that just over …
April 11, 2024
It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes in Virginia. Just in the first three months of the year, more than 2,669 …
March 8, 2024
Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to the Golden State. No more. Texas officials on Thursday blamed the state’s largest-ever fire on electrical lines sparking in dry …
January 24, 2024
The Hartford confirmed this week it will discontinue writing new homeowners policies in California. The carrier reportedly has less than 1% of the state’s homeowners market. The Hartford issued the following statement following a request for comment for this article: …
November 30, 2023
By most measures, California usually tops the list of the states most at risk of fires, but a new report shows the state’s residents and their desires to stay warm in chillier months may be making the state even riskier. …
November 16, 2023
There is no longer any question of how to prevent high-intensity, often catastrophic, wildfires that have become increasingly frequent across the Western U.S., according to a new study by researchers at Columbia University Mailman School of Public Health and Stanford …
October 19, 2023
Pacific Gas & Electric – one of the nation’s largest utilities whose equipment has sparked some of California`s deadliest wildfires – wants to bury power lines in some of its most at-risk areas to prevent destructive blazes like the 2018 …