Tag: Wildfire Insurance

California FAIR Plan Rate Adequacy and Proposed Increases

Explore the challenges and proposed rate hikes of the California FAIR Plan, emphasizing the need for rate adequacy and regulatory compliance in the insurance market.

Navigating Contamination Claims After Los Angeles Wildfires: Industry Challenges

Discover how the insurance industry addresses contamination claims after the LA wildfires, navigating regulatory compliance and homeowner challenges.

Navigating Wildfire Risks: Homeowners Insurance Challenges in California

Explore the challenges wildfire risk poses to homeowners insurance in California, with insights on regulatory changes and insurer responses.

California Advances Insurance Stability with Governor’s Executive Order

California strengthens homeowners insurance market stability through an executive order advancing the Sustainable Insurance Strategy and insurer commitments.

Mercury Insurance Fortifies Risk Mitigation Team Amid Growing Climate Risks

Mercury Insurance appoints Steve Bennett to lead climate and catastrophe science efforts, focusing on risk mitigation strategies to sustain property and casualty insurance in high-risk areas affected by extreme weather events.

Mercury Insurance Names Steve Bennett to Lead Climate Risk Mitigation Strategy

Mercury Insurance appoints Steve Bennett as Senior Director to enhance risk mitigation and resilience in high-risk property and casualty insurance markets impacted by climate-driven catastrophes.

US Commercial P&C Insurance Market Adjusts Amid Elevated 2025 Catastrophe Losses

The US commercial P&C insurance market faces elevated catastrophe losses in 2025, with wildfire intensity and material costs impacting underwriting, premiums, and availability. Stable capital and competitive renewals present opportunities amid ongoing challenges.

Oregon Partners with Insurance Industry to Enhance Wildfire Home Protection

Oregon's State Fire Marshal partners with the Insurance Institute for Business and Home Safety to promote wildfire-resistant home improvements and manage insurance premiums amid wildfire risks.

Tahoe Donner’s Forest Management Leads to Novel Wildfire Insurance Policy

Tahoe Donner Association secures a $2.5M wildfire insurance policy linking premiums directly to decades of active forest management, setting a precedent for wildfire risk pricing.

California FAIR Plan Faces Rising Claims and Scrutiny After Los Angeles Wildfires

The California FAIR Plan sees a surge in wildfire claims and policyholders after LA fires amid private insurer withdrawals, facing financial strain and legal scrutiny.