Commissioner Lara urges insurance companies to cover wildfire property losses without requiring a home inventory From the Press Release. SACRAMENTO, Calif. — In response to California’s latest destructive fires, Insurance Commissioner Ricardo Lara is requesting that insurance companies help wildfire survivors who are overwhelmed with the task of navigating the claims process by providing... Read more
Wildfires – Western US The information below is from the FEMA Daily Ops Briefing issued 10/06 @ 8:30 am Situation: : Of the over 7 million acres burned, the National Watch Center continues to track 11 active fires that have burned nearly 2 million acres from the West Coast to the Rocky Mountains.... Read more
Taming the Flaming Cats From the article; "Among the many lessons for insurers coming out of Fort McMurray, one may be in how to handle claims caused by wildfires – a peril that insurers have predicted for some time will only get worse." Read more
Beazley takes $40m hit from worst wildfires in California history The payouts from reinsurance hit the company’s bottom line after fires damaged several settlements and killed dozens in the US’s most populous state. It also faces challenges from difficult markets. “ ... Read more
48,390 Homes at High or Extreme Risk from Destructive California Wildfires, CoreLogic Finds Read more
Severe weather, nat-cats cause record insurable damage in Canada: IBC/CatIQ Severe weather last year exacted a heavy toll in terms of insured losses, with the $4.9 billion hit dwarfing the previous annual record of $3.2 billion in 2013, Insurance Bureau of Canada (IBC) reports. Stormy Weather Ahead Road Sign Flooding in southern Alberta and the Greater Toronto Area... Read more
Texas floods: Enough rain to cover entire state with 8 inches of water in May (CNN)So much rain has fallen this May on flood-ravaged Texas that it could cover the entire state with 8 inches of water, meteorologists say. And it ain't over yet. Every drop of rain these days is a drop too many in much of Texas, where 22 people have died and President Barack Obama has... Read more
NYC, Boston ban road travel as huge storm hits A historic snowstorm blasted its way through the Northeast on Monday, bringing with it havoc, flight cancellations, school closings and worry that up to 3 feet of snow and hurricane-force winds might be on the horizon. Both New York City and Boston took the rare step of banning all forms of... Read more