Farmers Insurance has deployed its Catastrophe Response Team in Southern California, offering assistance at claims centers to help policyholders amid destruction from devastating wildfires.
Farmers is running sites where trained staff and local brokers help policyholders initiate claims and provide additional necessities like water and masks after the fires.
The recent wildfires in California, particularly in densely developed areas, are posing unprecedented challenges, leading to a potential rise in policyholder premiums as insurance markets adjust.
Emmet Hollins notes that wildfires were not a consideration for coverage until 2012, with the rising costs of claims now set to affect policyholders in California.
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