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As the Palisades Fire bore down on Southern California last week, the private fire crew he oversees headed out to help defend homes for their customers: Insurance companies that offer wildfire ...
This has made getting fire insurance more difficult. Many residents in Altadena, a racially and economically diverse suburb, are covered by the California FAIR Plan, an insurance program backed by ...
Several insurance companies have stopped offering policies in California or are refusing to renew existing ones in an effort to reduce their financial risk, according to Fox 9 News. However ...
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
Fire protection is the study and practice of mitigating the unwanted effects of potentially destructive fires. [1] [2] It involves the study of the behaviour, compartmentalisation, suppression and investigation of fire and its related emergencies, as well as the research and development, production, testing and application of mitigating systems.
The insurance industry helps to eliminate risks (as when fire-insurance providers demand the implementation of safe practices and the installation of hydrants), spreads risks from individuals to the larger community, and provides an important source of long-term finance for both the public and private sectors.
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