Camp Fire News
California Town Struggles to Rebuild Amid High Home Insurance Costs
Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. After the fire, she got divorced, ...
Everest Re Warns Q4 Catastrophe Losses Will Almost Hit $700M
Everest Re Group Ltd. expects nearly $700 million in catastrophe losses for the 2018 fourth quarter due to wildfires, a hurricane and a hailstorm. Everest's prediction of $695 million in catastrophe ...
Allstate Warns Q4 Results Will Dip From California Cat and Pension Settlement Losses
Allstate warned that catastrophe losses stemming from this fall's California wildfires and a pension settlement will do significant damage to its 2018 fourth quarter financial results. The ...
Latest California Wildfires Have Produced More Than $9B in Insurance Claims
Insurance claims from the recent spate of California wildfires, including one ranked as the most deadly and destructive in state history, have topped $9 billion and are expected to grow, the state ...
For Two Years Running, U.S. Wildfire Claims Payouts Will Exceed $10 Billion
Here's an ominous milestone for the property/casualty industry: 2018 will likely be the second consecutive year where insurance claims payouts related to annual U.S. wildfires will exceed $10 ...
The Hartford Warns of Up to $365M in Pretax Losses From Wildfires, Hurricane Michael
The Hartford said it will see between $350 million and $365 million in Q4 2018 pre-tax catastrophe losses from California's Camp and Woolsey fires as well as Hurricane Michael. After tax, the net ...
Chubb Predicts an Estimated $225M in Pretax Losses From California Wildfires
Chubb Ltd. said that the latest round of California wildfires caused an estimated $225 million in pre-tax losses that will ding its 2018 fourth-quarter results. Those losses hit $195 million after ...
PG&E Declined to Cut Power During Windstorm as California Wildfire Ramped Up
In the days before California's deadliest wildfire erupted near a PG&E Corp. power line during a windstorm, the company kept a close eye on the weather, warned customers it might shut off ...