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The traditional methods of assessing hail risk are no longer sufficient.
Drought conditions and windy weather have shifted wildfires to a year-round risk.
Insurance technology news from INSTANDA, Mylo, Glia and more.
The first round will award 500 grants to Citizens homeowner policyholders.
Making matters worse, home replacement costs have escalated more than 55% since 2019, according to Triple-I.
Besting today's market challenges will require bringing in new talent, focusing more on loss control and reinforcing strict underwriting principles.
The appointment follows the retirement of state Insurance Commissioner Jim Ridling at the end of June.
The past decade has been the worst on record for wildfire insurance losses, according to Zesty.ai.
Research shows that every $1 spent on disaster mitigation can save $11 in repair and recovery costs.
There are remedies — both well-known and up-and-coming— that can help protect homes from blowing embers.
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