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278 results for wildfire crisis
Total economic losses could make the January catastrophe the second-costliest natural disaster in U.S. history.
The annual Allianz Risk Barometer for 2025 indicates renewed focus on the myriad of potential losses related to weather catastrophes.
The Golden State's largest insurance carrier already received 8,700 related claims and paid out more than $1 billion.
The property insurance markets in both states face strikingly similar challenges.
Rain will help put out fires and prevent new ones, but seared hillsides are at risk of collapse.
Insured losses are now estimated at $30 billion.
The firestorm affecting swaths of southern California continues to be a story of evacuation and defense.
The Committee focused on non-renewal data in response to climbing rates, which could signal market instability.
Citing improved market conditions, the carrier is reversing its previous pullback.
Fire-prone zip codes in Malibu and neighboring Pacific Palisades were hit particularly hard by insurance-carrier withdrawals from the Golden State.