Nicole Maccalla, an Altadena resident, was among the first to experience the frustration of navigating insurance claims. Her home suffered significant damage from embers, leaving it filled with soot, ash, and debris. Despite initially being told by USAA that contamination testing would be covered, Maccalla’s claim was later denied.
Hippo’s response to wildfire threats Hippo said that it has been expanding partnerships with housing developers to provide homeowners’ insurance, particularly in states like California, where McCathron said it serves as the company’s primary source of new business. The insurer currently has access to about 120,000 new dwellings nationwide, with continued quarterly growth. Source link
In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen from…
Starwind Specialty names executive senior underwriter Starwind Specialty Insurance Services, a CRC Group company, appointed Joe Jones as executive senior underwriter within Starwind Transportation. Jones, with over 20 years of experience in trucking and high-hazard insurance lines, previously managed a fleet underwriting team at a top trucking Insurtech firm. He will report to regional director…
Regular inspection: Check for droppings, chewed wires or nesting materials. [2] 2. Clean the RV exterior Routine cleaning can prevent the accumulation of dust, mud, and other harmful substances that could lead to potentially costly repairs. This is particularly important for the roof of your RV, which should be inspected and cleaned before storing. Also,…
Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022….
