Tag: Wildfire Insurance

New Wildfire Risk Map in Utah: Transforming Insurance Operations

Discover how Utah's wildfire risk map reshapes insurance operations, enhancing transparency and regulatory compliance. Stay informed and prepared against wildfires.

California Insurance Regulation Update: Fire Protection Measures for Policyholders

Explore California's new insurance regulations providing crucial protection for wildfire-affected policyholders, impacting over 14,800 residents.

Nevada's Insurance Sandbox to Test Wildfire Coverage Changes in 2026

Nevada's 2026 insurance sandbox allows experiments with wildfire coverage, aiming to stabilize the market but raising concerns about coverage adequacy for homeowners at risk.

Nevada Launches Wildfire Insurance Sandbox to Test New Coverage Models

Nevada's wildfire insurance sandbox starting in 2026 allows new policy types but raises concerns over homeowner coverage gaps amid rising wildfire risks and insurance market challenges.

Arizona Report Recommends Collaborative Approach to Wildfire Insurance Challenges

Arizona's insurance regulator-backed report urges multi-stakeholder action to address wildfire-related homeowners insurance affordability and availability challenges. It highlights collaboration and mitigation as key strategies.

California Insurance Ballot Initiatives Withdrawn; Proposition 103 Protections Remain

Competing California insurance ballot initiatives focusing on wildfire risk insurance and rate regulation have been withdrawn, preserving Proposition 103's existing consumer protections and regulatory framework.

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.