Wildfires across the western United States and Canada have put millions of people under air quality alerts, as thousands of firefighters battle the flames, including the largest wildfire in California this year. (AP Video by Eugene Garcia and AP Production by Ao Gao)...
“Insurers have advanced a very powerful argument that the past is not as good a predictor of the future as it used to be,” said Amy Bach, executive director of United Policyholders, a national insurance consumer organization. “I think the (Insurance) d...
Wildfire insurance in California: Facts and figures It can be difficult for homeowners in high-risk wildfire areas to find adequate homeowners insurance coverage. If that’s the case for you, you may need to go with a last-resort coverage option, like the California FAIR Plan. ...
Increasingly intense wildfires have become more common in California, upending the lives of thousands. Many insurers are dwindling coverage options, leaving several homes in danger. Business Insider senior sustainability reporter Catherine Boudreau joins "The Daily Report" to discuss.Dec 13, 2024...
TIPS FOR HOMEOWNERS IN WILDFIRE ZONES: KNOW YOUR RIGHTS!If your insurance company is not going to renew the policy on your home, they must notify you in writing at least 45 days before the expiration date. If you didn’t receive the proper notice, contact the California Department ...
Waters and Sherman introduce bill to address gaps in wildfire insurance coverage Edison stock turns volatile as growing blame for wildfires lands on the power company Hollywood Inc. Netflix’s Greta Gerwig ‘Narnia’ movie to premiere exclusively on Imax screens ...
When people buy home, condo or renters policies, insurance agents tend to focus on the following 3 coverages: Dwelling, Personal Property and Liability. Loss of Use, also known as Additional Living Expenses (ALE) is also a very important coverage, especially now, as wildfire claims are at an...
It’s very common for people to make claims for wildfire damages through their insurance company, only to discover that they don’t have as much insurance coverage as they thought they did. Even if your insurance company will cover some of your damages, there’s a very good chance they’...
In California, the insurance premium for a home as a percentage of its value can vary... By Kellie Hwang and Sriharsha Devulapalli Branches falling on PG&E power line may have sparked 19,000-acre California wildfire The Sites Fire ignited June 17, in Colusa County. PG&E said Monday in ...
Californians living in wildfire-prone areas without homeowners insurance have "nightmarish fears of losing everything that is precious," Ricardo Lara, the state's insurance commissioner, said in a statement. "The people of California are strong and resilient, but we cannot just continue business ...