After a large scale disaster much of the attention goes to people who had total losses. We have seen those with less than total losses often take a back seat, reasoning that people with much greater losses deserve the attention. People with partial losses often just don’t ask for all the help they could. Homeowners with partial losses face issues that those with total losses do not. For example, deductibles are clearly applied, reducing the amount of insurance settlement. For homeowners with...Read More
As Colorado Springs battles a rash of burglaries after a wildfire that still licks at its boundaries, it does so with fewer police and firefighters.
The city where the Waldo Canyon fire destroyed 346 homes and forced more than 34,000 residents to evacuate turned off one-third of its streetlights two years ago, halted park maintenance and cut services to close a $28 million budget gap after sales-tax revenue plummeted and voters rejected a property-tax increase.
Linda Tarr and David Doherty say they're basically homeless this week after spending almost two years fighting to get State Farm insurance to pay to repair their home after the Fourmile Fire.
Their house, at 6040 Fourmile Canyon, was one of 169 homes declared a complete loss after the September 2010 fire. Although the house suffered extensive smoke and water damage, the structure was still standing thanks to the efforts of volunteer firefighters. The firefighters doused the house and the nearby propane tank with thousands of gallons of water as the fire burned.
Tarr filed the claim immediately and was "fully insured," but State Farm delayed and eventually stopped paying after she filed a lawsuit, she said. The family's financial resources are exhausted and their house still uninhabitable, she said.
(Bloomberg) — Zurich Insurance Group AG and State Farm Mutual Automobile Insurance Co. are among companies facing losses from a Colorado wildfire that has already destroyed 346 houses and consumed 29 square miles.
The Waldo Canyon fire near Colorado Springs, which began June 23, has left one person dead and forced 34,000 evacuees to seek shelter, officials said. Record-breaking heat, drought and high winds coupled with the fire’s proximity to residences in Colorado’s second-largest city have made both homeowners and insurers vulnerable to costlier damage.
LOS ANGELES – Certain housing factors, such as being located in areas with a history of frequent fire or being surrounded by wildland vegetation, can increase the risk of structure loss in the event of wildfires. This strong importance of housing arrangement and location indicate that land use planning may be a critical tool for reducing fire risk.
In both the Santa Monica Mountains region and the San Diego region, analysis showed that the spatial arrangement and location of housing structures significantly influenced the likelihood of structure loss — whether structures were destroyed or damaged. In particular, structures were most likely to burn in areas with low to intermediate housing density, and this was the single most important determinant of property loss in San Diego.
Record high catastrophe losses in 2011 have not caused insurance premiums to skyrocket, according to the “Risk and Insurance Management Society Benchmark Survey,” which finds that the Total Cost of Risk (TCOR) has increased only moderately over the last year.
While Barb Reichert was racing in and out of her Mountain Shadows home Saturday afternoon, she couldn’t help thinking of everything that was at risk.
She and her partner, Malia Alstrom, had lived in the cul-de-sac on Aubrey Way for only a year but were already able to walk without knocking into their neighbors’ homes for visits or meals. Their 3-year-old son moved freely between the five homes in the cul-de-sac, jumping on a trampoline in one yard and watching a neighbor fix a car engine in another. This was the home and the neighborhood where the couple planned to raise him.
On Saturday afternoon, when a cloud of white smoke started filling the horizon and the evacuation notice came down, Reichert and her neighbors rushed to pack up their vehicles. Alstrom instead ran into the house to grab some bottles of beer. The neighbors met in the middle of the street.
“We popped the top and toasted and said ‘what’s going to happen will happen and if we need to rebuild we will rebuild. We all have each other,” she said. “It was one of those moments when you say ‘we’re not sure what’s going to happen but we know we’ll be OK.”
At press time, the numbers were hard to wrap your mind around.
Affected acres: 5,100. Personnel at work: 600.
Estimated containment date: 7/16.
But it was probably just as well that you didn't try to wrap your mind around them, because they'd soon be different, anyway. The story of the Waldo Canyon Fire has morphed incredibly quickly since flames were first reported not far from U.S. Highway 24 around noon Saturday.
Firefighters and other emergency responders, of course, deserve our greatest thanks. Nonprofits and community groups that have helped the thousands of evacuees need to be recognized, too.
Meanwhile, local TV stations have also done a praiseworthy job of keeping up with images and explanations and warnings and all the news playing out in the Springs, Manitou, Woodland Park, Cascade, Chipita Park and Green Mountain Falls. The conflagration has been televised, and televised well.
For many adults in the United Kingdom, insurance is a “grudge purchase” – bought to insure against the possibility of something unfortunate happening – and the value test is the customer experience at claim time, according to “The Reality and Opportunities in Claims Management: Consumer Experiences in the United Kingdom,” a new report from Celent.
The report is based on primary research on UK customers’ claims experiences and offers an examination of customer expectations, considers what is important from the customer perspective during the claim process, and offers views on fraud, preferred interaction methods and customer loyalty. It also offers Celent's opinions on investment priorities to improve the claims experience.
Following a subpar winter, wind whipped through the neighborhoods off North Upper Truckee Road Friday. The warm June day was reminiscent of a summer Sunday five years ago that started ordinarily enough, but would alter hundreds of lives and become a defining moment in Lake Tahoe Basin history.
Sunday, June 24, 2012, marks the fifth anniversary of the Angora fire, an event that stands as a stark reminder of the danger associated with living in the forest and the importance of community during times of hardship.
BELLVUE, Colo. – More people evacuated by a northern Colorado wildfire are set to return home Thursday, the second wave of evacuees allowed back in as many days as firefighters attempt to encircle the blaze that has burned over 100 square miles.
Other evacuees were allowed to return Wednesday, but some kept their bags packed because they were warned to stay ready to leave again.
Tom Thorndike and Monica Clark put their Milford home in the care of the "Good Hands" folks at Allstate Insurance. They say they always paid their flood insurance premiums and kept their century-old house near Silver Sands beach in shape.
Their expectation was that if disaster ever struck and their home was damaged, Allstate would do what insurance companies are supposed to do -- pay out -- and in a timely manner. But it hasn't. And they're left feeling sucker-punched.
Allstate Corp. is leading property and casualty insurers to the best start since 2003 amid a decline in tornadoes and forecasts for fewer major hurricanes.
Twisters killed six people from April 1 to May 28, compared with 541 deaths in the two months last year, the U.S. National Weather Service said. Insured losses from severe weather in the United States were about $1 billion last month, lagging behind losses of roughly $16 billion from tornadoes and other severe weather in April and May of last year, broker Aon Plc estimated.
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