Sacramento fire agencies prepare for wildfire season as more insurance companies leave California [CBS News]
TOKIO MARINE HLDGS S/ADR (TKOMY)
NASDAQ:AMEX Investor Relations:
tokiomarinehd.com/en/ir
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Source: CBS News
The California Department of Insurance confirmed to CBS13 that Tokio Marine America Insurance Co. and Trans-Pacific Insurance Co. would not renew their customers' home insurance policies. Notices are being sent this summer. It comes weeks after State Farm announced renew homeowner coverage for 72,000 homes and apartments in the state. As it becomes increasingly harder for people to find and keep coverage, firefighters are gearing up for a fast-approaching wildfire season. Cal Fire is already increasing staff with 26 seasonal staff members. "They are the backbone of our department. When it comes to doing hose, lays putting out the fire, the crew swinging tools, running chainsaws," said Battalion Chief Jeff Loveless. The seasonal staff stays on for the next six to nine months, and mitigation efforts are already starting across the state to try and cut down on the amount of brush and fuel on the ground. "The work right now is making sure some of these storms that we had, the b
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News
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- Tokio Marine Holdings: Poised To Benefit From Emerging Markets [Seeking Alpha]Seeking Alpha
- More insurance companies leaving California [Yahoo! Finance]Yahoo! Finance
- California exodus of home insurance companies continues [Yahoo! Finance]Yahoo! Finance
- California exodus of home insurance companies continues [Los Angeles Times (CA)]Los Angeles Times