Thursday, July 29

Wildfires

Fire Damage, hippo insurance, Homeowners Insurance, Insurance, Media Alpha, Personal Finance, Personal Finance Insider, pfi, PFI Reference, PFI Related Content Module, PFI Reviews, PFI-XAMP, Smoke damage, Wildfires

Do I need separate fire insurance coverage for my home?

Homeowners insurance covers damage to your belongings from fire and smoke under insurance perils. Damage to fine art, high-end electronics, and jewelry may require additional coverage. If your home is unlivable due to fire or smoke damage, loss of use helps you relocate. See Insider's picks for the best homeowners insurance companies. There are three components to homeowners insurance: dwelling coverage, personal property coverage, and personal liability coverage. It also offers relocation if your home becomes unlivable through "loss of use."Homeowners insurance protects damage to your home from covered events known as insurance perils. Common insurance peri...
Bootleg Fire, Lumber, lumber market, lumber outlook, lumber price, Markets, MI Exclusive, Wildfires

Lumber prices spike as wildfires cause producers to cut output, citing’significant’ supply chain challenges

The Bootleg Fire burns through vegetation near Paisley, Oregon, US, July 20, 2021 David Ryder/Reuters Lumber futures have jumped in recent days on concerns over the impact of wildfires on supply. One of North America's largest lumber producers said it would cut output at sawmills due to the fires. One lumber expert told Insider the production cut was the catalyst that confirmed to traders prices had hit a bottom. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Lumber futures have jumped in recent days as concerns mount that wildfires in Canada and the Western US will snarl production and supply chain routes. On Tuesday, Canfor Corporation, one of North America's largest lumber producers, said it was curtailing approximately 115 million board feet of prod...
Air Quality, Climate change, climate crisis, full moon, moon, Science, Smoke, Wildfires

Wildfire smoke could turn this weekend’s full Buck Moon an ominous blood red

LoadingSomething is loading. A full Buck Moon is rising this weekend, and it may appear orange or blood red in skies across North America.Normally, the moon turns orange or red during an eclipse, when Earth blocks sunlight and our atmosphere reflects red light onto the lunar surface instead. But this time is unusual. Instead of being eclipsed by Earth's shadow, the moon may be eclipsed in many places by layers of smoke.Wildfires have explo...
Careers, Climate change, Economy, Finance, Flooding, Science, Wildfires

1 in 4 Americans has no emergency savings as the US grapples with wildfires, flooding, and droughts

More than half of Americans have less than three months' worth of emergency savings, a Bankrate study shows. This comes during a summer riddled with extreme weather such as wildfires, flooding, and drought. One-third of respondents say they have less money saved than they did before the pandemic. LoadingSomething is loading. Emergencies can hap...
Clouds, Fire, oregon, Science, Weather, Wildfires

Bootleg Fire in Oregon is generating dangerous fire clouds and pyrocumulonimbus thunderstorms

Rising temperatures and a growing wildfire are creating dangerous fire clouds and firestorms that can generate their own lightning in the skies above southern Oregon.The Bootleg Fire, the largest blaze currently burning in the US, has torched more than 241,000 acres (377 square-miles) since it started July 6 in Klamath County. It's only 7% contained as of Friday.As heat and smoke from large fires rise skyward, they can create storms comprised of what are known as pyrocumulonimbus clouds. These thunderheads produce their own weather, including tornadoes in rare cases, which can then spark new fires. It's a vicious cycle. ...
Allstate Insurance, hippo insurance, Homeowners Insurance, Insurance, Media Alpha, Personal Finance, Personal Finance Insider, pfi, PFI Reference, PFI Related Content Module, PFI Reviews, PFI-XAMP, Wildfire, Wildfires

Homeowners insurance covers fire damage, but if wildfires are common where you live you may need to increase coverage

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.Homeowners insurance covers damages to your belongings from fire and smoke. But if you live in an area where wildfires are common, consider increasing your dwelling and personal property coverage. If your home is unlivable due to fire or smoke damage, your insurance policy could help you relocate. See Insider's picks for the best homeowners insurance companies. Wildfire season is here, and wit...
California, Climate change, Drought, Heat wave, Power Grid, reservoir, Satellite Images, Science, West Coast, Wildfires

Images from space show California’s forests and lakes drying out in a record mega-drought

The climate crisis is bearing down hard on the western US.Historic drought and heat are converging on western states to create the perfect storm for depleted reservoirs, strained power grids, and rampant wildfires later this summer. The effects are so stark, you can see them from space.Satellite images show that the hills outside Los Angeles are significantly more parched, brown, and dry than they were this time last year. Drag the slider back and forth on the below image to see the difference."I'm worried about this summer," Kathleen Johnson, a paleoclimatologist at the University of California, Irvine, told The Guardian. "This current drought is potentially on track to become the worst that we've seen in at least 1,200 year...
Climate change, Clouds, Fires, Heat Waves, Science, Wildfires

Wildfires and record temperatures in Canada are generating’fire-breathing’ pyrocumulonimbus thunderstorms

Record heat and growing wildfires are creating firestorms that can generate their own lightning in the skies above British Columbia, Canada. As heat and smoke from large fires rise skyward, they can create firestorms comprised of what are known as pyrocumulonimbus clouds. These thunderheads produce their own weather, including tornadoes in rare cases, which can then spark new fires. It's a vicious cycle.Temperatures in Lytton, 95 miles south of Vancouver, hit 121.2 degrees Fahrenheit (50 degrees Celsius) on Tuesday — a new national record. The heat wave preceded a wildfire that prompted the town's mayor to issue an evacuation order for all 250 residents. As of Thursday morning, the 20,000-acre blaze had burned 90% of Lytton ,...
Blackouts, California, Climate change, Drought, Heat wave, Power Grid, Science, Water Shortage, West Coast, Wildfires

Drought maps show the western US at its driest in 20 years — a ticking time bomb for even more fires and power failures

The western US was already withering in severe drought when a heat wave struck last week. Temperatures reached 116 degrees Fahrenheit in Las Vegas, 115 in Phoenix, and over 110 for eight days straight in Tucson. Daily highs shattered hundreds of records across the West, and California Gov. Gavin Newsom declared a statewide emergency, saying the heat wave put "significant demand and strain on California's energy grid."The hottest months lie ahead, so this early extreme weather could foreshadow another devastating fire season. Last year's fires burned a record 4 million acres in California, 1.07 million in Oregon, and at least 713,000 in Washington.Current drought conditions across the West and Southwest are more widespread and...