Homeowners insurance

The most destructive wind storm to strike the Los Angeles area in 14 years is fanning wildfires.

Fifteen percent of residences had three or more structures, which can go undetected by insurers even when they identify a secondary structure.

While insurers can't rebuild the grid, they are uniquely positioned to play an important role in mitigating these risks.

Data from the Environment Agency on Tuesday showed 6.3 million homes and businesses are in danger of damage from overflowing rivers, sea or drains.

California adopted a rule that aims to bolster access to home insurance in the state, after several major carriers retreated from the market amid growing risk of wildfires.

In California, wildfire readiness is quickly becoming a financial necessity.

Aviva Plc and Allianz SE are among potential bidders for Britain's home and motor insurance firm Esure Group Plc, according to people familiar with the matter.

Insurance providers could use digital-based strategies like home management platforms and homeowner AI tools to reduce claims and increase customer satisfaction.

Losses related to natural disasters and other perils rose for the seventh year, and that costs both insurers and consumers more money, LexisNexis said.

As this year's natural disasters bring heightened attention to the cost and availability of homeowners insurance, servicers often find themselves caught in the middle when customers see premium hikes.