As the scale of uninsured losses from the Los Angeles wildfires becomes clear, are insurers ready for a climate change-induced ‘new normal’?

Euronews

France

Natural disaster home insurance: Lessons learned from LA wildfires

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European Broadcasting Union

A San Diego lawmaker hopes his bill can alleviate some of the pressure on insurance companies and guarantee people get their pay out.

NBC San Diego

Roberts family

HM Capital Partners

San Diego

San Diego County

California

United States

San Diego lawmaker introduces bill related to fire insurance as LA wildfires rage

When Steve Wilch deployed on scene to fight the 2021 Marshall Fire in Boulder County, the instructions he received from a coordinator were dire.

Colorado Springs Gazette

Philip Anschutz

Lessons from L.A.: What Colorado Springs can learn about wildfire preparedness

How the ongoing destructive wildfires threaten to upend long-awaited reforms to California's homeowners insurance market.

Eco-Business

Singapore

What do the LA wildfires mean for home insurance?

While the Los Angeles wildfires are anticipated to be a major catastrophe event for the insurance industry, a new report from KBRA has highlighted that the sector is generally well capitalized to absorb the losses, although some individual carriers may be more heavily impacted than others. With industry losses from the LA wildfires in the $20 billion to $25 billion range, and total economic loss estimates reaching up to $150 billion, analysts at…

ReinsuranceNe.ws

Re/insurance industry well capitalized to absorb LA wildfire losses: KBRA

Over the last few days I’ve been racking my brain on how I could have better prepared for the terrifying California wildfire scare we experienced last week. Aside from my family and a few heirlooms and photos, the most valuable/sentimental/precious … Continue reading →

Japanese Nostalgic Car

QotW: How do you save a car from a natural disaster?

Ongoing destructive wildfires, some of most destructive in California's history, threaten to upend long-awaited reforms to the state's homeowners insurance market.

preventionweb.net

As Los Angeles grapples with one of the costliest natural disasters in U.S. history, insurers in Canada are wrestling with their own severe weather dilemma.

readthepeak.com

Natural disasters spike insurance prices

On Dec. 10, the Santa Cruz County Board of Supervisors authorized Supervisor Zach Friend to write a letter to Gov. Newsom, on behalf of the Board, regarding the

Times Publishing Group

Supervisors to Newsom: Prioritize Home Insurance Issue

Many of the fires in southern California remain active but there is no shortage of views on what went wrong or right, what could or couldn’t be done, who is to blame and what do we all do now? Wildfire Today is keen to find the most important lessons to be learnt from these fires. … Continue reading "Lessons from LA – what do we do now?" The post Lessons from LA – what do we do now? appeared first on Wildfire Today.

Natural disaster home insurance: Lessons learned from LA wildfires

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