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Property & Casualty 2021 Q2 Market Overview & Q3 Forecast

Property & Casualty 2021 Q2 Market Overview & Q3 Forecast

By Paul G. Smith, Corporate Senior Vice President, Carrier Relations, H.W. Kaufman Group As the world begins to emerge from the COVID-19 pandemic, it is abundantly clear, the “new normal” will reshape all of our organizations. One of our many goals is to keep you updated on the rapidly evolving insurance marketplace where adjustments have arguably never been more fluid.…

Eye on Q3: Commercial Property Insurance Overview

Eye on Q3: Commercial Property Insurance Overview

https://vimeo.com/577221730/408b0fd2b7

17 Wineries Scorched, Hundreds Threatened by Raging Napa Valley Wildfire

17 Wineries Scorched, Hundreds Threatened by Raging Napa Valley Wildfire

The Glass Fire, one of 23 major wildfires burning across California, has destroyed or damaged at least 17 wineries in Napa Valley. More than 215 other wineries are under mandatory evacuation orders. As of October 5, the wildfire had also destroyed 550 homes and more than 66,800 acres. The small vineyard at Behrens Family Winery in St. Helena suffered extensive…

New Prevention Efforts Reduce Wildfire Losses Despite More Fires, Dry Conditions

New Prevention Efforts Reduce Wildfire Losses Despite More Fires, Dry Conditions

On November 7, the Kincade Fire—so far the largest, most destructive fire of the 2019 California wildfire season—was fully contained and extinguished after scorching 120 square miles of Sonoma wine country in two weeks. The more than 400 structures destroyed in the Kincade Fire represent over half of all property losses due to wildfires in California this year—last year saw…

California Wildfires’ Impact Felt Throughout Insurance, Real Estate Markets

California Wildfires’ Impact Felt Throughout Insurance, Real Estate Markets

The impact of wildfires that raged across California the past two years will force one of the state’s largest utilities to file for bankruptcy protection later this month, but has also limited access to Homeowners Insurance policies statewide. Pacific Gas & Electric Corp. (PG&E), found at fault for some 2017 wildfires, now faces additional liabilities that could exceed $30 billion…

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