California Insurance Department reveals loss estimate on 2017 wildfires

Insurance Commissioner Dave Jones revealed that insurers have received nearly 45,000 insurance claims totaling more than $11.79 billion in losses after a spell of wildfires affected California in the last three months of 2017.

Thirty-two thousand (32,000) homes, 4,300 businesses, and 8,200 vehicles, watercraft, farm vehicles and other equipment have been destroyed.

California insurance commissioner issues formal notice to insurers on mudslide coverage for homeowners

California Insurance Commissioner Dave Jones issued a formal notice to all property and casualty insurance companies on Jan. 29 regarding homeowners’ claims from the recent mudslides and debris flows.

The notice acknowledges that homeowners’ and certain commercial property insurance policies frequently have exclusions for losses from mudflow, debris flow, mudslide, landslide or other similar events. Under California insurance law, the exclusions are not enforceable if the facts establish that the wildfire, which is a covered peril, was the “efficient proximate cause” of the subsequent flowing, mudflow, debris flow, mudslide, landslide, or other similar events.

The many uses of drones

Drones, or unmanned aerial systems (UAS), are rapidly gaining the attention of virtually every industry as a means of gaining greater efficiency in operations and reducing costs.

Drone use has grown exponentially over the past few years, following development of drones for personal and commercial use. Because the use of drones has grown so rapidly, it has been difficult to keep up with the opportunities they offer to industries, including the insurance industry.

California proposes stronger laws to help wildfire survivors with insurance claims

California’s Insurance Commissioner Dave Jones and legislators from wildfire-damaged communities across the Golden State unveiled a series of new laws designed to strengthen consumer protections for wildfire survivors making insurance claims who struggle to recover, rebuild, and move forward.

Disasters Affected 8% of U.S. Population in 2017, FEMA Notes in Review of Historic Year

The Federal Emergency Management Agency (FEMA) supported 59 major disaster declarations and 16 emergency declarations in 2017, a year during which unprecedented disasters affected more than 25 million Americans, almost eight percent of the U.S. population.

In its year-end review, FEMA notes it was a record busy year for FEMA employees and for state and local emergency responders across the country, as well for the federal flood insurance program, which FEMA manages. Thousands of emergency workers remain engaged in recovery efforts including in Puerto Rico and the U.S. Virgin Islands.

California Dept. of Insurance issues formal notice about wildfire claims

In the aftermath of the Northern California wildfires, on Nov. 20, Insurance Commissioner Dave Jones directed the California Department of Insurance to issue a formal notice to insurers, licensed public adjusters and admitted carriers to make sure all claims adjusters assigned to wildfire claims, including those not licensed in California, are properly trained on the California Unfair Practices Act, Fair Claims Settlement Practices Regulations, and all laws relating to property and casualty insurance claims handling.

The guidance continues to be important as Southern Californians deal with wildfires in the Los Angeles area.

Subscribe to RSS - Insurance