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SAN FRANCISCO, April 27, 2021 /PRNewswire/ Delos Insurance Solutions, using aerospace expertise to solve insurance availability and affordability issues, today announced an agreement with A+-rated reinsurance companies that will result in a five-fold increase in insurance capacity for California homeowners in areas prone to wildfires. The new reinsurance capacity is provided by Arch Reinsurance Ltd. (Bermuda) and the Lloyd s of London syndicate, Arch Syndicate 1955 (formerly Barbican Syndicate 1955). Both companies are part of the Arch Capital Group, Ltd., which is rated A+ by A.M. Best.
Delos, which was founded by aerospace engineers, uses satellite imagery and proprietary modeling technology to quantify a home s actual wildfire exposure – to address a frequent miscategorization between exposed and stressed. The Delos model identifies homes in stressed areas of California that cannot find insurance protection but are not highly
Napa Valleyâs wine industry is asking the government at all levels to help it recover from economic and labor issues exacerbated by the chaos of 2020.
The pandemic and subsequent economic fallout proved an unprecedented disruption for wine sales in Napa and beyond. And though the threat posed by climate change in the form of a worsening fire season is not a novel one, the substantial damage done to agricultural infrastructure and the wine grape crop this past fire season has given the wine industry a new sense of urgency, leaders say.
New concerns over workforce stability have arisen out of 2020, too. The 2020 harvest, shortened by wildfires, was devastating for the North Bayâs farmworkers, some of whom left the agricultural sector altogether to look for more stable work.