All the headlines from our Wildfire Topic Page, ordered by recency.
Dec 28 2018 // Powered by InsuranceJournal.tv The California wildfires of 2018 were devastating, burning hundreds of thousands of acres, costing numerous lives and destroying thousands of properties.The California Department of Insurance...
Dec 21 2018 // AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” of California Capital Insurance Co. and its...
Dec 21 2018 // A Northern California utility says it has restored power interrupted by a wildfire six weeks ago to all customers able to receive it.Pacific Gas & Electric said this week the last of about 10,000 residents of Paradise...
Dec 20 2018 // Fitch Ratings said it expects the November wildfires in California to have some but not great impact on property/casualty insurers’ year-end results and it anticipates limited or no rating actions due to the fires....
Dec 17 2018 // Allstate Corp. tumbled for nine straight days, the longest string of losses since 2001, as coverage costs from the deadliest fires in California’s history are tallied.The company seemed to have “out-sized...
Dec 17 2018 // A rare fire tornado that raged during this summer’s deadly Carr Fire in Northern California was created by a combination of scorching weather, erratic winds and an ice-topped cloud that towered miles into the...
Dec 14 2018 // State and federal authorities estimate that it will cost at least $3 billion to clear debris from 19,000 homes and businesses destroyed by three California wildfires last month.The disaster relief officials said the...
Dec 14 2018 // California regulators have decided they need to step in and help determine when power blackouts are appropriate to prevent wildfires after a series of deadly blazes linked to electrical equipment.Utilities PG&E Corp.,...
Dec 13 2018 // California Insurance Commissioner Dave Jones is asking residential insurers to pay at least 75 percent and up to 100 percent of personal property or contents coverage in the event of a total loss without requiring...
Dec 13 2018 // Allstate this week announced estimated catastrophe losses for the month of November 2018 of $685 million, pre-tax ($541 million, after-tax).Catastrophe losses occurring in November comprised six events at an estimated cost...
Dec 13 2018 // The PURE Group has expanded its excess & surplus (E&S) high net worth offering, PURE Programs, into California.The coverage is tailored to high value, high-risk homes with broader coverage than is typically found...
Dec 12 2018 // The official tally for insured losses from this year’s major California wildfires is $9.05 billion – for now.California Insurance Commissioner Dave Jones on Wednesday released official figures for losses from the...
Dec 12 2018 // AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los...
Dec 12 2018 // PG&E Corp. revealed that on the day California’s deadliest and most destructive wildfire started, its workers saw damage and a fire near one of its transmission towers, which are the focus of investigations and a...
Dec 12 2018 // Officials say a construction company and a logging firm have collectively agreed to pay $9 million for damages resulting from a 2012 wildfire that burned more than 1,600 acres of national forest land in Northern...
Dec 12 2018 // California utilities plan to insulate power lines, increase inspections and build new weather stations in areas at high risk for wildfires in an effort to combat increasingly destructive blazes.Southern California Edison...
Dec 12 2018 // Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic Circle.Her...
Dec 11 2018 // PG&E Corp. was accused of putting its “reputation above public safety” in a lawsuit alleging that the power company spends too much on advertising and not enough on preventing devastating Northern...
Dec 11 2018 // They have become known as the Angels of Paradise. But there is nothing ethereal about them.They are online sleuths who know how to find people, and they have been putting their skills to use in the aftermath of...
Dec 9 2018 // On Friday Dec .7, Markel Corp. said it was fully cooperating with inquiries by U.S. and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management Ltd., the...