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Meanwhile another rating group said that property-casualty insurers should be unaffected even if the insured loss from the fires is $1.6 billion. Modeling firms have estimated the loss will range betw

While many anticipated and predicted that hurricanes would be the catastrophe story of 2007 -- and indeed the hurricane season still has 32 more days to go -- the recent wildfires and subsequent damage

While many anticipated and predicted that hurricanes would be the catastrophe story of 2007 -- and indeed the hurricane season still has 32 more days to go -- the recent wildfires and subsequent damage

With insurers' claim counts from the California wildfires mounting ever higher, a reinsurance expert suggested that carriers should have an easier time collecting on their reinsurance coverage than th

Northbrook, Ill.-based Allstate Insurance Company announced today that as of last Thursday they have implemented up to a 30-day deferred payment period for customers located in counties directly affec

A loss estimate of $1 billion came from EQECAT, which noted that all of the major California brush fires (fires with extents greater than 10,000 acres) have been accompanied by similar wind

Another catastrophe modeling firm has estimated California wildfire losses will go well above $1 billion, and the state's largest home insurer--State Farm--said it has already logged 2,000 claims and

John N. Ellison, managing partner in the Anderson, Kill & Olick Philadelphia office, issued a statement cautioning policyholders they should be watchful of their claims, taking care to document and fi