AI Beats Traditional Weather Models in Forecasting Wildfires April 3, 2025 By Joe Wertz Artificial intelligence is improving the accuracy of fire forecasts made by Europe’s top intergovernmental weather center. Traditional fire forecasts are...
Bill to Beef up Claims Paying Capacity for California FAIR Plan Moving Through Legislature April 2, 2025 A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way...
Getty Museum to Sell $500 Million of Debt for Fire Protection April 2, 2025 By Erin Hudson One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help...
California’s Snowpack Data Likely Signals Another Fire-Prone Summer April 1, 2025 By Brian K. Sullivan California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled...
State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software March 28, 2025 By Andrew G. Simpson A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm...
JD Power: Customers Not Happy With Carrier Property Claims Service March 25, 2025 By Jahna Jacobson Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Power’s...
Property Data and Info Provider CoreLogic Rebrands to Cotality March 24, 2025 Property data provider CoreLogic is rebranding itself to Cotality. The rebrand includes a new name, logo and brand identity. “The...
Study: Rain-Soaking Atmospheric Rivers Getting Bigger, Wetter And More Frequent March 14, 2025 By Seth Borenstein As extreme weather events have hit the world hard in recent years, one meteorology term — atmospheric rivers — has...
Verisk: Claims Volume Rose 36% in 2024, Largely on Catastrophe Claims March 13, 2025 Property claims volume rose 36% in 2024, driven by a massive rise in catastrophe claims thanks in part to a...
Lloyd’s Said It Will Lose $2.3B From LA Wildfires March 12, 2025 Lloyd’s this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number...