California wildfires may need to be a way of life, say insurance officials

California wildfires - forest on fire

After 2020’s record-breaking fire season, officials warn that this may be an ongoing trend. California wildfires caused the destruction of over 10 million acres in 2020 according to a progress report from the U.S. Department of Agriculture outlining the resilience strategy. The progress report’s focus is on efforts to reduce fire fuel through forest thinning strategies. Details from the strategy show that federal efforts will be rising by “two to four times more” than the current levels for reducing destruction from the blazes. This plan was released by the Biden…

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Most Expensive Insurance in Australia

Most Expensive Insurance in Australia

Insurance is perhaps one of those expenses you wished you could avoid. Sometimes premiums go up, and it can be painful to dish out the money without a quantifiable product given at the time. It can seem like one of those expensive necessities. Talk to your insurance broker Perth for information on insurance premiums and coverage. But is your insurance premium actually expensive? What about compared to the rest of Australia? Better yet, where in Australia is insurance – on average – the most expensive?  The answer is…  Northern Australia…

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Three more Florida property insurance companies cancel policies

Florida property insurance - damage from hurricane

Over 53,000 additional homeowners’ policies across the state are being cancelled due to hurricane claims. Three Florida property insurance companies have added their names to the list of insurers that have been cancelling policies in the state due to hurricane claims. Together, the three insurers will either cancel or not renew over 53,000 policies starting in June. These Florida property insurance cancellations are occurring just before the start of the 2021 hurricane season. Affected customers will be receiving a letter to advise them of the fact that their policies will…

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State Farm to provide free tech to detect electrical fires before they start

Electrical fires - wires in wall

The Ting sensors are able to spot hazards before they have the opportunity to spark a blaze. Electrical fires comprise about 13 percent of all blazes that affect homes. They kill hundreds of people every year and result in almost $1.3 billion in home damage every year, according to a National Fire Protection Association 2019 Survey. State Farm has invested in Whisker Labs and will provide the Ting Sensor to its home customers. The Ting sensor technology is meant to help mitigate hazards associated with electrical fires in homes. It…

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Insurance companies must boost wildfire preparedness, says California commissioner

Wildfire preparedness - firefighter and scorched home

Ricardo Lara has called on property insurers to play a role in assisting homes and businesses in readiness. California Insurance Commissioner Ricardo Lara has called for property insurers across the state to play a larger role in boosting wildfire preparedness among homeowners and businesses. The goal is to create improved widespread readiness as the fire risk season approaches this year. At the end of last week, Lara gave an update on the actions that California communities are taking to help promote wildfire preparedness among state residents. He spoke during a…

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Sovereign Home Loans Provide Better Home Loan Rates in NZ

Sovereign Home Loans Provide Better Home Loan Rates in NZ

Almost every Bank out there has a standard when it comes to having an interest rate and a special interest rate. But the thing that you need to keep in your mind is that the special home loan rates are only for those people who have more than 20% equity.  If you have less than 20% it then standard interest rates will be applying for you but if you have more than 20% then a special interest rate will be applying for you. If a standard interest rate is applying…

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How Climate Change Affects the Housing Market

How Climate Change Affects the Housing Market

One look at the housing market these days will tell you almost all you need to know about it. Prices are on the rise, interest rates are low, and although hundreds of thousands of people are looking for homes to buy, it’s a seller’s market and pickings are slim. There are plenty of factors that can contribute to this trend from natural economic swings to the COVID-19 pandemic rush to get out of the cities.  Something that many people don’t necessarily consider as a factor that impacts the housing market…

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