Cameron Zangenehzadeh, Nathan Davis and Seth Row | Ahead of Schedule As wildfires grow more frequent and severe across California, Oregon, and Washington, homeowners and businesses face mounting challenges in securing and maintaining property insurance. The Los Angeles wildfires alone have resulted in tragic losses—28 lives, thousands of homes destroyed, and billions in economic damage.… Continue reading Wildfires and Property Insurance: Navigating a Shifting Landscape
Tag: Wildfires
With Wildfires at a Peak, “Firetech” Is Joining Smart City Lineups
James P. Bobotek | Gravel2Gavel The threat of extreme wildfires has doubled in the past 20 years, with almost 20,000 fires blazing across the United States in 2024 alone. These high-intensity fires can be deadly, expensive, and create lingering health and environmental consequences. While we are used to seeing firefighters on the frontlines, researchers hope that next-generation… Continue reading With Wildfires at a Peak, “Firetech” Is Joining Smart City Lineups
Wildfire Threats Make Utilities Uninsurable in U.S. West
Mark Chediak | Claims Journal Trinity Public Utilities District’s power lines snake through the lower reaches of the Cascade Range, a rugged, remote and densely forested terrain in Northern California that has some of the highest wildfire risk in the country. But for several years, the company has been without insurance to protect it from… Continue reading Wildfire Threats Make Utilities Uninsurable in U.S. West
California Insurance Reform Creates Opportunity
Greg Hoffnagle, Andrew Kliewer and Alex Selarnick | Goodwin Procter As wildfires continue to grow in frequency and scale across California, and as the state’s homeowner’s insurance crisis continues to worsen, the California Department of Insurance (DOI) has issued a proposed regulation that, for the first time, would allow insurers to rely on catastrophe models in setting… Continue reading California Insurance Reform Creates Opportunity
Xcel Says Its Equipment Likely Involved in Huge Texas Blaze
Mark Chediak | Claims Journal Xcel Energy Inc. acknowledged that its equipment was likely involved in igniting the worst wildfire in Texas history. But the utility company refuted allegations it had acted negligently. “Based on currently available information, Xcel Energy acknowledges that its facilities appear to have been involved in an ignition of the Smokehouse… Continue reading Xcel Says Its Equipment Likely Involved in Huge Texas Blaze