High wildfire risk is driving up premiums in the Homeowners Insurance Market.
4 reports, 4 independent
Updated Aug 19
Gone quiet
- Reports
- 4
- Developments
- 6
- Repetition
- 75%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
High wildfire risk is driving up premiums in the Homeowners Insurance Market.
How it developed
Newest first. Tap a step to see who reported it.- The California Department of Insurance approved the steepest rate increase in years for the California FAIR Plan.Sub-event
- Private insurers have withdrawn from high-fire-risk communities in Malibu and Grass Valley.Sub-event
- The commercial insurance market is experiencing a sharp rise in exposure due to high risk, leading to voluntary commitments to increase market share.Sub-event
- Wildfires are exacerbating insurance market problems, with Solano County having lower premiums than Marin and Napa.Sub-event
- Rising insurance premiums due to wildfire risk in specific areas of Colorado, leading to mandates for insurers to share risk scores.Sub-event
Wildfire risk is cited as the driver for rising premiums in the FAIR Plan.1 source
Keep exploring
Coverage
Newest first; wire copies grouped- insurancejournal.com
- chronline.com
- insurancebusinessmag.comAmerica's fire insurance market surged past $23 billion. Here's what's driving it
- nypost.com