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Homeowners in areas at high risk of wildfires could have an easier time finding insurance coverage in the future under an eagerly-awaited proposal released Wednesday by the Department of Insurance
California insurers will be required to sell coverage in wildfire-prone regions that have seen an insurer exodus in recent years, state Insurance Commissioner Ricardo Lara announced Monday. Under ...
Earlier this year, Insurance Commissioner Ricardo Lara proposed letting insurers use these models in exchange for covering 85% of homeowners in wildfire areas — a move meant to take pressure off ...
The California FAIR Plan is an insurance program of last resort for homeowners in high-risk areas of the Golden State who are unable to obtain fire coverage in the private insurance market.
Mosquito Fire A pyrocumulonimbus cloud rises from the Mosquito Fire on September 8, 2022 Date(s) September 6 (6-09) – October 22, 2022 (2022-10-22) (47 days) Location Placer County and El Dorado County, Northern California, United States Coordinates 39°00′22″N 120°44′42″W / 39.006°N 120.745°W / 39.006; -120.745 Statistics Burned area 76,788 acres (31,075 ha; 120 sq mi ...
Of the top 20 most destructive wildfires in state history, 14 have occurred since 2015, according to the California Department of Forestry and Fire Protection. Insurance companies have responded ...
In total, more than 2.7 million people live in "very high fire hazard severity zones", which also include areas at lesser risk. [9] On lands under CAL FIRE's jurisdictional protection (i.e. not federal or local responsibility areas), the majority of wildfire ignitions since 1980 have been caused by humans.
American Strategic Insurance (ASI) was formed in 1997 and led by CEO and President, John Auer.Its initial offering was Florida homeowners insurance. [1] The company has experienced rapid growth and is now expected to offer coverage nationwide by 2017, establishing its place in the top 15 homeowners insurance providers in the United States. [2]