Tag: Wildfire

Natural Disasters in 2025: Significant Adjustments in Insurance Practices

Explore how 2025's natural disasters impacted insurance losses, revealing trends in risk management and the importance of adaptation strategies in the insurance industry.

Major Insured Losses from Natural Disasters in North America – 2025 Update

Explore how 2025 witnessed a rise in insured losses from natural disasters. Key insights on wildfires, storms, and strategic adaptations in risk management.

Settlement to Curb State Farm's Rate Hikes in California

California's State Farm reaches a settlement to offset premium hikes for policyholders from wildfire claims, promising refunds and stabilizing rates.

California Delays Wildfire Safety Rules Impacting Home Insurance Market

California delays Zone Zero wildfire safety rules, affecting home insurance and wildfire risk management amid regulatory and homeowner challenges.

California Wildfire Mitigation: CPUC’s Resolution SPD-37 Risks Delaying Grid Undergrounding

CPUC's proposed Resolution SPD-37 may delay California's wildfire mitigation efforts by shifting from a coordinated undergrounding plan to a piecemeal approval process, impacting grid safety and insurance market stability.

California Advances Wildfire Mitigation with Senate Bill 326 and Zone 0

California's Senate Bill 326 accelerates wildfire mitigation through 'Zone 0' buffer regulations, enhancing home protection and wildfire resilience with scientific risk assessments and funding support.

California Approves Wildfire Home Hardening Grants Inspired by Wind-Resistant Roof Programs

California's new legislative program offers grants to homeowners for wildfire damage prevention measures, drawing on models from Alabama and Louisiana's wind-resistant roof initiatives. The bill awaits gubernatorial approval and funding details.

California Fire Victims Face Insurance Challenges Amid State Farm Rate Hike

California fire victims face ongoing challenges with State Farm insurance claims as the state approves a 17% emergency homeowners rate hike amid scrutiny of insurer practices and regulatory responses.