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California’s Grim Fire Mark: Burn Exceeds Last 3 Years Combined

California’s Grim Fire Mark: Burn Exceeds Last 3 Years Combined

Wildfires in California have burned a record 4 million acres since the start of 2020, charring more land in the past nine months than during the previous three years combined. The results are devastating.
October 5, 2020 Catastrophe Property California

More Wildfire Evacuations Ordered As Northern California Braces For Powerful Winds

More Wildfire Evacuations Ordered As Northern California Braces For Powerful Winds

More evacuations were ordered Thursday in Northern California as wildfire-weary residents braced for a return of powerful winds that could stoke a blaze burning in the region’s wine country.
October 2, 2020 Catastrophe Property California

Coinsurance: A Tutorial

Coinsurance: A Tutorial

A dear friend of mine starts out coinsurance conversations (yes, we actually sit around and talk about this sort of thing, usually with a malted adult beverage) with the following disclaimer/statement/warning: "Coinsurance is evil and must be destroyed."
October 1, 2020 Education & Training Property

The Unprecedented Hurricane Season

The Unprecedented Hurricane Season

The National Oceanic and Atmospheric Administration (NOAA), part of the Department of Commerce, released a report in May predicting a strong chance of a busy Atlantic hurricane season this year. So far, that prediction has held true.
October 1, 2020 Catastrophe Property

Adjusting Hurricane Claims Amidst The Pandemic

Adjusting Hurricane Claims Amidst The Pandemic

Six months into the coronavirus pandemic, the insurance industry continues to adjust to changes and new ways of handling insurance claims.
October 1, 2020 Property

After Easter Storms In Chattanooga Area, Recovery Is Slow And Hurdles Are High

After Easter Storms In Chattanooga Area, Recovery Is Slow And Hurdles Are High

Five months after an Easter night tornado sent trees crashing through her roof and rain cascading into her kitchen, Lauren Cameron’s home was still draped in blue tarps, wide open to the weather.
October 1, 2020 Catastrophe Property Tennessee

California Cannabis Farmers Refuse To Evacuate As Fire Encroaches

California Cannabis Farmers Refuse To Evacuate As Fire Encroaches

Cannabis farmers in the communities of Post Mountain and Trinity Pines, California are refusing to evacuate their cultivation sites even as the August Complex wildfires close in and weather forecasters predict more fire-friendly conditions, the Associated Press reports.
September 29, 2020 Property California

Famed Winery Destroyed By Glass Fire; Thousands Evacuate Napa Valley Area

Famed Winery Destroyed By Glass Fire; Thousands Evacuate Napa Valley Area

Two thousand people in California’s Napa Valley wine growing area have been ordered to evacuate their homes, and another 3,000 have been told to prepare to, amid rapidly-spreading wildfires which have destroyed at least one winery.
September 28, 2020 Property California

Hurricane Sally Could Drive $3.5B Industry Loss In US, Says RMS

Hurricane Sally Could Drive $3.5B Industry Loss In US, Says RMS

Catastrophe risk modeller RMS has estimated that total insured losses from Hurricane Sally in the US will be between $2.0 billion and $3.5 billion.
September 24, 2020 Auto Catastrophe Property Alabama Florida Georgia

Bobcat Fire: Officials Investigate Whether Southern California Utility Sparked Blaze

Bobcat Fire: Officials Investigate Whether Southern California Utility Sparked Blaze

Federal investigators are looking into whether a huge wildfire burning in the mountains near Los Angeles was sparked by Southern California Edison utility equipment, according to the company.
September 24, 2020 Property Subrogation California

Five Months Later, Many Chattanooga-Area Tornado Victims Are Still Fighting For Aid

Five Months Later, Many Chattanooga-Area Tornado Victims Are Still Fighting For Aid

When a 1,500-yard-wide tornado tore through the Chattanooga area just before midnight on Easter, thousands of buildings were devoured in a matter of minutes, leaving locals to rebuild their homes and lives.
September 22, 2020 Property Tennessee

Hurricane Sally: Significant Flood Damage But Moderate P/C Losses, Moody’s Says

Hurricane Sally: Significant Flood Damage But Moderate P/C Losses, Moody’s Says

On 16 September, Hurricane Sally made landfall on Wednesday near Mobile Bay, Ala., and the western portion of the Florida Panhandle as a Category 2 storm with destructive winds of 105 mph, causing significant rain and storm surge.
September 22, 2020 Auto Property Alabama Florida Georgia North Carolina South Carolina

Sheriff: More Than 2,800 Structures Destroyed By Almeda Fire

Sheriff: More Than 2,800 Structures Destroyed By Almeda Fire

The count of structures lost to the Almeda fire keeps growing, with more than 2,800 now tallied as having been destroyed by the fire, Jackson County Sheriff Nate Sickler reported Friday afternoon.
September 21, 2020 Auto Property Oregon

Tropical Storm Beta Takes Aim At Texas, Louisiana As Gulf Coast Sees Storm Surge And Flooding

Tropical Storm Beta Takes Aim At Texas, Louisiana As Gulf Coast Sees Storm Surge And Flooding

Tropical storm conditions will spread over the Texas coast on Monday as Tropical Storm Beta churns toward landfall, even as the storm is already bringing flooding to low-lying areas.
September 21, 2020 Property Louisiana Texas

California Regulator, Insurers To Work Together On Fire Risk Mitigation Standards

California Regulator, Insurers To Work Together On Fire Risk Mitigation Standards

California’s insurance commissioner announced a plan to tackle the state’s wildfire insurance crisis Wednesday, saying the state will collaborate with the industry to develop standards for “hardening” homes and communities against fire risk.
September 17, 2020 Catastrophe Legislation & Regulation Property California
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