Insurance

Finance

California May Face Insurance Crisis as Peak Wildfire Season Looms

Photo by CAL FIRE via Public Domain Mark 1.0

The FAIR Plan, which insures California’s highest-risk homes, will only have about $305 million left by June.

1 min read

Photo by NirutiStock via iStock

Advisor Upside

After L.A. Fires, Advisors Help Clients Rebuild Their Financial Lives

While it’s hard to imagine the impact of the disaster, advisors are making sure clients weather both immediate and long-term needs.

2 min read
Photo by Matthew Keys via CC BY-ND 2.0

Real Estate

Climate Change Could Slash Home Values By $1.5 Trillion, Report Says

As they say: Man plans, and Mother Nature floods his semi-basement. And climate change may melt home values along with glaciers.

2 min read
Photo by Scott via CC BY-SA 2.0

Real Estate

LA Wildfires Exacerbate California’s Insurance Crisis

California was already contending with a home insurance crisis due to unpredictable weather events. Then came this week’s fires.

1 min read

Industries

Natural Disasters Cost the Insurance Industry $135 billion this year

Photo by Library of Congress via Unsplash

So far this year, hurricanes, thunderstorms, and floods have cost the insurance industry a collective $135 billion in losses.

1 min read

Autos

Tens of Thousands of Yellow Cabs in Jeopardy as NYC’s Biggest Taxi Insurer is Insolvent

Photo by Mateusz Walendzik via Pexels

American Transit Insurance Company (ATIC) insures over 60% of 117,000 taxis and for-hire vehicles. And it’s insolvent.

1 min read

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