STREAMING NOW: Watch Now

California Insurance Company Folds Under Camp Fire Claims

The number of claims from the Camp Fire has overwhelmed the small insurer to the point of insolvency, said California's Insurance Commissioner, Dave Jones, on Friday.

Posted: Dec 4, 2018 2:49 PM
Updated: Dec 4, 2018 2:54 PM

SACRAMENTO, Calif. — Some homeowners who suffered losses from the Camp Fire were insured by Merced Property & Casualty Company. The number of claims from the Camp Fire has overwhelmed the small insurer to the point of insolvency, said California's Insurance Commissioner, Dave Jones, on Friday.

In response, the Insurance Commissioner took expedited legal action to secure the assets of the company and to take control of it. Jones said this was done in an effort to protect the company's policyholders.

Jones says California law provides him with the authority to take over insurance companies facing insolvency. He said his first consideration was protecting Camp Fire policyholders who have already suffered through so much.

He said as soon as possible they will take control of the company, which will trigger the state law enabling the California Insurance Guarantee Association to immediately begin the process of evaluating losses and paying claims. He said once the court issues the requested order, the Conservation and Liquidation Office will notify policyholders about where and how to file a claim with CIGA for insured losses or the return of any unearned permium on thir policy.

While current insurance policies remain in force for 30 days, anyone insured with Merced Property & Casualty Company should seek coverage with another insurer immediately, said Jones.

He also said that given the unprecedented scale of recent wildfires, he has directed his department to conduct detailed review of every property insurced in California to make sure they are properly managing their exposures.

The Insurance Commissioner said his department has not received any other reports of insolvent insurers.

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 40136

Reported Deaths: 633
CountyConfirmedDeaths
Multnomah8689154
Marion5547106
Washington542972
Umatilla327643
Clackamas297065
Lane217026
Malheur185834
Jackson15196
Deschutes106513
Yamhill95115
Linn75814
Polk63715
Jefferson5979
Morrow5426
Lincoln50813
Union4562
Benton4196
Klamath4013
Wasco33415
Douglas3244
Hood River2691
Josephine2573
Columbia2471
Clatsop2350
Coos2250
Baker1122
Crook862
Tillamook690
Curry561
Wallowa402
Lake350
Sherman180
Harney150
Gilliam110
Grant100
Wheeler10
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 883746

Reported Deaths: 17055
CountyConfirmedDeaths
Los Angeles2900096912
Riverside646681273
San Bernardino606211028
Orange573731412
San Diego53000857
Kern33497410
Fresno30152430
Sacramento24582471
Santa Clara23458382
Alameda22807433
San Joaquin21196484
Contra Costa18214236
Stanislaus17354393
Tulare17206276
Ventura13930160
Imperial12534335
San Francisco11937133
Monterey1111783
San Mateo10889157
Santa Barbara9641119
Merced9375152
Sonoma9016134
Kings817383
Solano717174
Marin7030127
Madera492073
San Luis Obispo404932
Placer401255
Yolo308656
Butte302651
Santa Cruz272223
Napa189214
Sutter181912
Shasta178629
San Benito140714
El Dorado12904
Yuba127810
Mendocino110421
Tehama7938
Lassen7571
Lake67315
Glenn6423
Nevada5908
Humboldt5589
Colusa5476
Calaveras33317
Amador31316
Tuolumne2554
Inyo21815
Siskiyou1850
Del Norte1751
Mono1752
Mariposa782
Plumas540
Modoc270
Trinity230
Sierra60
Alpine30
Unassigned00
Medford
Clear
51° wxIcon
Hi: 69° Lo: 33°
Feels Like: 51°
Brookings
Clear
54° wxIcon
Hi: 72° Lo: 50°
Feels Like: 54°
Crater Lake
Clear
39° wxIcon
Hi: 59° Lo: 26°
Feels Like: 39°
Grants Pass
Clear
50° wxIcon
Hi: 66° Lo: 34°
Feels Like: 50°
Klamath Falls
Clear
39° wxIcon
Hi: 63° Lo: 26°
Feels Like: 39°
Cool and breezy Thursday
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events