INSURASALES

Tag: Wildfire Risk

Farmers Insurance Seeks 7% Rate Hike as California Lifts Homeowner Policy Caps

Farmers Insurance Seeks 7% Rate Hike as California Lifts Homeowner Policy Caps

Farmers Insurance requests a 6.99% home insurance rate increase as California removes caps on new policies, responding to wildfire risk and regulatory reforms.

Idaho Insurance Department Reports Stable 2024 Homeowners Market Despite Rising Wildfire Losses

Idaho Insurance Department Reports Stable 2024 Homeowners Market Despite Rising Wildfire Losses

Idaho's Department of Insurance finds wildfire losses rising but homeowners premiums stabilize in 2024 due to prior insurer adjustments and mitigation efforts. Analysis covers non-renewals, premiums, and market dynamics.

Nevada's New Homeowners Insurance Law: What You Need to Know

Discover the changes coming to Nevada homeowners insurance in 2026. Learn about AB 376 and the need for separate wildfire coverage. Stay informed and protected!

New California Homeowners Insurance Legislation Boosts Consumer Protection

Explore California's new homeowners insurance laws, improving consumer rights and wildfire risk assessments. Stay informed and prepared with these changes!

Home Insurance Premium Hikes Linked to Wildfire Risks in California

Discover how wildfire risks drive up home insurance premiums in California, and the regulatory changes aiming to tackle this pressing issue. Learn more!

California's Fire Insurance Rules Face Challenges Despite Regulatory Overhaul

California's 2023 insurance reforms aimed to secure homeowners in fire-prone areas but reveal loopholes allowing rate hikes without broad coverage. FAIR plan reliance doubles amid escalating policy nonrenewals.

California FAIR Plan Faces Financial Strain Amid Rising Wildfire Costs

The California FAIR Plan is under financial pressure due to escalating wildfire claims and rising repair costs. Insurers and homeowners face potential assessments or bailouts amid this growing risk.

California Proposal to Repeal Key Insurance Regulation: Prop 103 at Risk

A California ballot initiative aims to repeal Proposition 103, which has regulated property and casualty insurance for decades. The change could impact premium approvals, market stability, and wildfire risk policies.

Orion180 and Neural Earth Partner to Advance AI-Driven Wildfire Risk Underwriting

Orion180 and Neural Earth collaborate to enhance wildfire risk underwriting using AI-powered geospatial analytics, improving precision and proactive risk management in homeowners insurance.

Wildfire Risk and Insurance Challenges for Boulder Mountain Homeowners

Explore wildfire risk management and insurance challenges faced by Boulder, Colorado mountain homeowners amid growing wildfire threats and insurer withdrawals.