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Tag: losses


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 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

Washington Man Wanted for Auto Insurance Fraud

June 30, 2022

Via: Insurance Journal

Vincent Labarbera, of Vancouver, Wash., has been added to Insurance Commissioner Mike Kreidler’s most wanted after he failed to appear in Clark County Superior Court to face felony charges of filing a false insurance claim and attempted first degree theft. […]


Activity, Insurance

Farmers Reports $1.2B in Claims from Northern California Wildfires

December 15, 2017

Via: Insurance Journal

Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 million, and […]