On November 7, 2024, the nonpartisan Little Hoover Commission adopted a comprehensive report tackling California’s ongoing property insurance challenges, especially in wildfire-prone areas. … Developed through a year of hearings, interviews, and public input, the report offers actionable recommendations for state lawmakers, including: 🌲 Allowing insurers to use catastrophe models for pricing, while ensuring wildfire mitigations by homeowners are factored in. 🏠 Establishing an independent panel of experts to oversee the use of these models. 🔥 Creating a state working group to set minimum wildfire mitigation standards for homeowners and communities. … Read the full report >> https://lnkd.in/gTfXhvUh … Rural County Representatives of California … #WildfireTaskForce #TaskForceProgress #Wildfire
CA Wildfire & Forest Resilience Task Force’s Post
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#WildfireRisk is not just a problem for #California or #Texas. H.R. 7462 would require the Government Accountability Office to study the nature and extent of wildfire risk in the United States, the availability of private insurance coverage for wildfire damage, state regulation of those insurance markets, and other topics related to wildfire risk and insurance. This action signals a crucial step forward in understanding and addressing wildfire risks in the U.S. Now is the time for collaboration across property owners, insurance professionals, real estate experts, fire scientists, and municipal and federal authorities. FortressFire is dedicated to providing actionable insights and solutions in this complex landscape. Let's come together to protect our homes, businesses, and communities from the devastating impact of wildfires. #WildfireMitigation #WildfireRiskManagement #WildfireResilience #WildfireDisclosureReport #KnowYourWildfireVulnerability #AssessMitigateMonitorProtect https://lnkd.in/e_ngWKz3
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I gained too much knowledge on wildfire issues by following Seth's posts. Thank you, Seth Schalet, for all the great posts you shared and for sharing our presentation/vision on how to address the wildfire insurance crisis. In this presentation, Dave Winnacker, Frank Frievalt, and I laid the groundwork for what this framework will look like. Working alongside Nancy Watkins from Milliman, I believe we are not too far from closing the loop on how to price wildfire risk. #wildfire #resilience
CEO, Board Member, Foundation Trustee, Advisor, Bridging Philanthropy, Technology, Public & Private Sectors
We’re at the end of the beginning of our insurance crisis; time to stop admiring the problem & start solving it. We are not hapless victims, communities can survive #wildfire & be reasonably insured. Thanks to Chief Dave Winnacker for the above quote on the final slide. The biggest issue currently facing western states homeowners--that is quickly making its way east--is insurability related to wildfire risk. 𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗺𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝘁 𝗯𝗼𝘁𝗵 𝘁𝗵𝗲 𝗵𝗼𝗺𝗲 𝗮𝗻𝗱 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗹𝗲𝘃𝗲𝗹 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻 𝗺𝗮𝗸𝗲 𝗮 𝗿𝗲𝗮𝗹 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲--𝘁𝗵𝗲 𝗼𝗽𝘁𝗶𝗺𝗮𝗹 𝗼𝗻𝗲𝘀, 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗥𝗢𝗜 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗵𝗼𝗺𝗲, 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗶𝗻𝘀𝘂𝗿𝗲𝗿. I attended this presentation at the recent 2024 Wildland-Urban Interface Conference by Chief Winnacker and my friend Hussam Mahmoud. It was among the best. #wildfire Kevin Sofen Kevin Conant Kirk McKinzie Jacy Hyde, PhD Genevieve Biggs Christopher Anthony Jason Brooks Laura Blaul Ilkay Altintas, Ph.D. Andrea Santy Daniel Berlant Xilei Zhao Kenneth Dueker Anthony Schultz Bob Horton Debra Deininger Kim Zagaris Kelly Martin Evrim Bunn Nancy Watkins Pascale Vacca Wade White Frank Frievalt James (Jim) Wollbrinck Kate Kapalo, Ph.D. O.P. Almaraz Angie Gibson John Clarke Mills Tom Rolinski Ken Alex Parastou Najaf, PhD Todd Tuggle Steve Maisonet Ji Yun Lee Amy Bach Janet Ruiz, CPCU, AIM International Association of Fire Chiefs (IAFC)
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Getting the property insurance companies to shift their cat models to integrate new information from a data vendor like Athena? Well, that's challenging, but we've designed our data to be available when the industry is ready. Athena has spoken to over 100 insurers and we believe the future of CWPPs is the integration of the community action and changes in the riskscape with data from our model. More on the importance of tracking mitigation actions (PMELS) for integration into insurance here: https://lnkd.in/gcXdpPCu Thanks Genevieve Biggs Tom Marsh Seth Schalet Hussam Mahmoud Valerie Georgantas Dave Winnacker Frank Frievalt
CEO, Board Member, Foundation Trustee, Advisor, Bridging Philanthropy, Technology, Public & Private Sectors
We’re at the end of the beginning of our insurance crisis; time to stop admiring the problem & start solving it. We are not hapless victims, communities can survive #wildfire & be reasonably insured. Thanks to Chief Dave Winnacker for the above quote on the final slide. The biggest issue currently facing western states homeowners--that is quickly making its way east--is insurability related to wildfire risk. 𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗺𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝘁 𝗯𝗼𝘁𝗵 𝘁𝗵𝗲 𝗵𝗼𝗺𝗲 𝗮𝗻𝗱 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗹𝗲𝘃𝗲𝗹 𝘁𝗵𝗮𝘁 𝗰𝗮𝗻 𝗺𝗮𝗸𝗲 𝗮 𝗿𝗲𝗮𝗹 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲--𝘁𝗵𝗲 𝗼𝗽𝘁𝗶𝗺𝗮𝗹 𝗼𝗻𝗲𝘀, 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗥𝗢𝗜 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗵𝗼𝗺𝗲, 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗶𝗻𝘀𝘂𝗿𝗲𝗿. I attended this presentation at the recent 2024 Wildland-Urban Interface Conference by Chief Winnacker and my friend Hussam Mahmoud. It was among the best. #wildfire Kevin Sofen Kevin Conant Kirk McKinzie Jacy Hyde, PhD Genevieve Biggs Christopher Anthony Jason Brooks Laura Blaul Ilkay Altintas, Ph.D. Andrea Santy Daniel Berlant Xilei Zhao Kenneth Dueker Anthony Schultz Bob Horton Debra Deininger Kim Zagaris Kelly Martin Evrim Bunn Nancy Watkins Pascale Vacca Wade White Frank Frievalt James (Jim) Wollbrinck Kate Kapalo, Ph.D. O.P. Almaraz Angie Gibson John Clarke Mills Tom Rolinski Ken Alex Parastou Najaf, PhD Todd Tuggle Steve Maisonet Ji Yun Lee Amy Bach Janet Ruiz, CPCU, AIM International Association of Fire Chiefs (IAFC)
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With summer heat hitting many parts of Canada and many enjoying seasonal properties in remote areas thoughts turn to the increasing risk of wildfires. If you have property in an at risk zone in Canada here are some helpful tips to consider to protect and mitigate loss and risk of damage. #lossprevention #wildfire #protectyourself #cottage #safety Chubb https://lnkd.in/gAyh8M86
How to protect your home from wildfires | Chubb
chubb.com
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Press Release: Prime Insurance Introduces the TRU Solution for Reliable Coverage in Times of Crisis In the aftermath of recent storms and wildfires, policyholders need an insurance partner they can trust to provide comprehensive and straightforward coverage. Prime Insurance is proud to introduce the TRU Solution—designed to offer peace of mind through transparent, all-in-one coverage that responds when it matters most. Unlike policies that require separate coverage for risks like floods or earthquakes, Prime Insurance’s TRU Solution simplifies protection. Our approach ensures that customers know what to expect before a claim arises, with clear terms and prompt, fair service. We’re here to support our clients in both good times and bad, so they feel confident and protected. "Even my own son, Parker once thought our quote was too high, but when a wildfire came near, he realized how invaluable that coverage truly is," says Rick J. Lindsey, CEO of Prime Insurance. Prime Insurance stands by its clients, providing reliable, straightforward solutions. For more information on the TRU Solution and how XINSURANCE can meet your needs, contact us today. Contact Information: Agents : RJL@PrimeIs.com Homeowners RJL@xinsurance.com
🚨 Whistleblowers reveal shocking insurance fraud post-Hurricane Ian in Florida, with companies accused of significantly underpaying claims, leaving homeowners stranded. Rick J. Lindsey, President of XINSURANCE, states, “The root cause of the problem is underlying exclusionary and limiting wording in the policy. Buyers face the hard-hitting reality that cheap insurance is not a good plan. Homeowners then fend for themselves and ultimately realize you must pay more for the right property coverage. The XINSURANCE All-in-One policy offers customized solutions for homeowners in Florida and all 50 states.” Call us for more information or to request a quote – 877-585-2853 https://lnkd.in/g5s-Xxpk #hurricaneian #floridahomeowners #insuranceclaim #homeownersinsurance #florida
Whistleblowers claim insurance companies shortchanged some Florida homeowners after Hurricane Ian
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🚨 Whistleblowers reveal shocking insurance fraud post-Hurricane Ian in Florida, with companies accused of significantly underpaying claims, leaving homeowners stranded. Rick J. Lindsey, President of XINSURANCE, states, “The root cause of the problem is underlying exclusionary and limiting wording in the policy. Buyers face the hard-hitting reality that cheap insurance is not a good plan. Homeowners then fend for themselves and ultimately realize you must pay more for the right property coverage. The XINSURANCE All-in-One policy offers customized solutions for homeowners in Florida and all 50 states.” Call us for more information or to request a quote – 877-585-2853 https://lnkd.in/g5s-Xxpk #hurricaneian #floridahomeowners #insuranceclaim #homeownersinsurance #florida
Whistleblowers claim insurance companies shortchanged some Florida homeowners after Hurricane Ian
cbsnews.com
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Storm season is coming. Have you battened down the hatches and assessed your adjuster force? See what else is coming in state regulations with this edition of the Regulatory Roundup https://hubs.li/Q02tm-nr0 #Yeehaw #InsuranceCompliance 🤠
Regulatory Roundup: Wild Weather, Vermont Tackles AI, Key Bridge Collapse | AgentSync
https://agentsync.io
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🔥 Why You Need Fire and Special Perils Insurance Coverage 🔥 Don’t let unexpected disasters catch you off guard! Fire and special perils insurance is essential to protect your home and belongings, office, shop & whatever space you occupy, from a range of risks beyond just fire. This coverage safeguards against natural disasters like storms, flood, impact from vehicles or animal, and even vandalism, ensuring you're financially secure in the face of unforeseen events. Without it, you could be left with significant repair costs or replacement expenses. Stay protected and keep peace of mind—invest in fire and special perils coverage today! Insure with Unitrust🛡️💪 #Insurance #FireCoverage #HomeProtection Wise people Insure 💡 ✅
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🔥 Wildfire & Smoke Damage – Should You File a Claim? For those affected by the ongoing Southern California wildfires, we understand the stress and uncertainty you're going through, especially with evacuation orders in place. Once you return home, you'll face an important decision: whether to file an insurance claim or do it yourself. Watch this video and share it with your loved ones to help them understand the potential implications of filing a claim and determine if the damage is significant enough to warrant one. At Allied Restoration Services, we provide guidance and support during this challenging time. #WildfirePreparedness #InsuranceClaims #SmokeDamage #RestorationExperts Insurance Insider US Insurance Insider Chubb PURE Insurance Jay McCarrell III Kelly Greene CPCU, CAPI Deserie Thigpen Lauraleigh Weaver Vault Insurance Paul Tanner Kurt Thoennessen, CAPI Janet Ruiz, CPCU, AIM Amy Bach Heather Posner, CPRIA Bill Gatewood Frank Frievalt Alex Rosenfeld, CAPI Jeff Huebner Susie Hanasab David, CAPI, CCIC Private Risk Management Association (PRMA) Armanino Eddie Sell J. Lopez Mia Iverson Michael Thayer, CWMS Vincent Lu Stewart Barrios Tim Bauer Dana Almaraz Jacqueline Rivera
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ZestyAI’s Z-HAIL, Z-WIND and Z-STORM have all gotten the green light from the Illinois Department of Insurance. Illinois' higher population, combined with its Midwestern location and flat terrain, make it one of the highest-risk states for severe convective storm losses. This is the second state approval ZestyAI has received in just a few months for our complete suite of Severe Convective Storm products. Read why these regulatory approvals are so important and how this benefits both carriers and property owners in Illinois in today’s blog post: https://bit.ly/4de0Gem #regulatory #ZestyAI #severeconvectivestorms #Illinois #RiskManagement #insurance
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