Insurance losses continue to climb from Maui wildfires

Insurance losses - Home fire - money

Aid has started a slow arrival to the Hawaiian island that has been devastated by the blazes. As Hawaii attempts to cope with the aftermath of the catastrophic wildfires that killed over 100 people and destroyed as many as 2,200 structures, the insurance losses continued to be tallied and are only climbing. The economic impact of what the blazes left behind is also only just beginning to be tallied. The Biden administration announced that it would be sending $700 per household in aid to individuals critically impacted by the Maui…

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State Farm fire insurance customers protected by Wildfire Defense Systems

State Farm fire insurance - wildfire near home in California

The insurer has contracted the private wildland firefighting firm to protect covered homes in California. Californian homeowners with State Farm fire insurance coverage will now be protected by private wildland firefighting services from Wildfire Defense Systems. This is positive California insurance news for policyholders in a state increasingly affected by season-long wildfires. This means that private firefighting crews may be dispatched to protect covered homes in the state. According to a Mercury News report, as of April 1 citing a letter from the insurer, Wildfire Defense Systems has been contracted…

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