California's Insurance Commissioner Ricardo Lara has announced a new "Sustainable Insurance Strategy" that will allow insurance companies to use catastrophe modeling to determine wildfire risk and set ...

GARDEN GROVE, California — Republicans wield almost no power in California. But as a moribund state party gathered here over the weekend, it confronted an even grimmer reality now suddenly settling in ...

* * * Today, Governor Gavin Newsom announced the appointment of members of the California Wildfire Safety Advisory Board, as outlined in AB 1054, and the California Catastrophe Response Council, ...

SACRAMENTO, Calif., Oct. 13, 2025 /PRNewswire/ -- Legislation creating a fully transparent public wildfire catastrophe model was signed by Governor Newsom late Friday. The law will give consumers the ...

JERSEY CITY, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- In a milestone for California’s evolving insurance landscape, the California Department of Insurance (CDI) has completed its review of the Verisk ...

According to a recent studypublished in JGR Solid Earth, nearly half of California’s fault lines—including the infamous San Andreas Fault—are overdue for significant seismic activity. This includes ...

(Reuters) - Allstate Corp reported a 52.4% fall in first-quarter profit on Wednesday as losses from California wildfires erased investment gains, sending the company's shares down 2.5% in extended ...

Other market estimates underline the scale of US wildfire risk: Swiss Re has put insured losses from the broader California wildfires in January 2025 at around $40 billion, making them the standout ...