The California FAIR Plan was meant to be a temporary safety net, providing basic fire coverage until traditional property coverage could be obtained. However, with recent regulatory changes and an ongoing hard property market, the FAIR Plan can be the least expensive option available, even though most Californians have access to the same coverage through the traditional, competitive market.
Fewer tornadoes, a mild hurricane season, lower acreage lost to wildfires, overall less flood and other damage— all in all, 2014 was not as bad as it could have been for natural disasters in the U.S. That’s according to global property information and analytics firm CoreLogic, which released its annual Natural Hazard Risk Summary and Analysis detailing the most significant natural disasters of 2014 and providing several projections for 2015. The report provides a look at the year’s hurricanes, floods, hailstorms, tornadoes, wildfires, sinkholes, earthquakes, tropical cyclones and typhoon events in the U.S. as well as an international snapshot of the… Read More »Looking Back to 2014, Ahead to 2015 at Natural Disaster Activity