Month: January 2025

Digital Insurance gathered comments from insurance professionals about what’s ahead.

The insurance market going into the Jan. 7 catastrophe already had been hit with non-renewals and cancellations — and an … Continue ReadingWildfires leave California insurance market on edge of collapse

Los Angeles is bracing for critical wildfire conditions again as dry winds scour Southern California.

Californians have paid relatively less for coverage than homeowners in the storm-stricken Midwest and Southeast regions, according to Intercontinental Exchange.

Verisk and Moody’s are the first two modeling companies to submit their models to the California Department of Insurance. A … Continue ReadingCalifornia allows wildfire cat models, waits for insurance industry reaction