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Tag: damage


Capital and Risk, Insurance

Few Homeowners Have Flood Insurance in Soaked California

January 23, 2023

Via: Insurance Journal

On Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks and other residents of his rural mobile […]


Capital and Risk, Insurance

California Commissioner Alert Notes Coverage for Floods and Mudslides Caused by Wildfires

January 5, 2023

Via: Insurance Journal

California Insurance Commissioner Ricardo Lara on Wednesday issued a formal notice to insurance companies reminding them of their legal duty to cover damage from any future mudslide or similar disaster that is caused by recent wildfires that weakened hillsides, as […]


Capital and Risk, Insurance

California Commissioner Issues Moratorium on Homeowners Insurance Cancellations in L.A. and Kern Counties

November 28, 2022

Via: Insurance Journal

California Insurance Commissioner Ricardo Lara ordered insurance companies to preserve residential insurance coverage following Gov. Gavin Newsom’s Nov. 19 emergency declaration. The commissioner’s bulletin shields policyholders within the wildfire perimeter of the Route Fire and in adjacent ZIP codes from […]


Capital and Risk, Insurance

Western U.S. Wildfires Have Made Insurance for Contractors a Tough Buy

May 25, 2021

Via: Insurance Journal

Things look bad with California’s ever-sooner wildfire season seemingly approaching and what’s shaping up to be a severe drought across the Western U.S. The plague of wildfires in the past few years in California have made things tough for residents […]