Tag Archives: Wildfires

Investors who fund most home loans get new climate risk tool

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Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs. Continue reading →

Real estate heroes come to rescue after suffering losses in Maui fires

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Fires that roared through western Maui last week have destroyed thousands of homes and killed scores of people. The real estate community is trying to help pick up the pieces. Continue reading →

Mortgage assistance for Hawaii fire victims includes forbearance help

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Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents. Continue reading →

State Farm exits California homeowners’ insurance market

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Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners’ insurance applications in California, the insurance giant announced Friday. Continue reading →

Despite risk, California fire zones still see rising home prices

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A new study by Redfin found that in the areas impacted by California’s five largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets. Continue reading →

78% of buyers consider natural disaster risk when house hunting

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The majority of respondents in a recent realtor.com survey said the threat of a natural disaster played a role in where they looked for a new home. Continue reading →

9 tips for settling disaster insurance claims

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Whether it’s a hurricane, flood, tornado, earthquake or fire, it can take years to resolve a major insurance claim and restore a property. Between the wildfires and hurricanes this week, now’s the perfect time to review how to advise clients who suffer… Continue reading →

‘Dire days lie ahead’: The impact of COVID-19 and wildfires on housing

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The recent onslaught of wildfires and accompanying smoke blanketing many states are combining with the pandemic with deadly results. It is not just personal health that is being affected — there are significant implications for real estate as well. Continue reading →

First Street Foundation to build property-specific fire risk model

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The model will provide an analysis of how various factors will impact a property’s wildfire risk over the next 30 years, giving property owners better insight into their home’s future risk for wildfire. Continue reading →