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Santa Rosa firm helps wildfire victims navigate battles with insurance companies

Santa Rosa firm helps wildfire victims navigate battles with insurance companies

Three years since the Tubbs fire, there have been some notable improvements for homeowners who are wrangling with their insurance carriers in the aftermath of a wildfire loss.

The state Legislature enacted some reforms, such as boosting rental living expenses from a maximum of two years to three years after a disaster while a homeowner waits for their home to be rebuilt. Last month, Gov. Gavin Newsom signed legislation that required carriers to provide initial payments of at least 25% of their personal property that was destroyed without having the homeowner detail their entire inventory.

Yet there is still no solution for the most vexing problem of all: How to ensure that homeowners have sufficient coverage to rebuild their house and that they actually receive that amount?

In California, the onus is on the homeowner to ensure they have the right coverage amount to rebuild — a figure that only a local contractor would likely know. And most residents don’t reach out to a builder when pricing or updating their coverage.

That was proven after the 2017 wildfires when a survey by the consumer group United Policyholders found about two-thirds of those fire victims were underinsured — with some in pricey Fountaingrove facing a shortfall of more than $1 million. That number likely hasn’t changed much, said Amy Bach, executive director of the San Francisco-based consumer group. It is a cold reality that will soon be discovered by hundreds of homeowners in the wake of the Glass fire, which destroyed or damaged about 800 single-family homes.

“At this point, I’m convinced that insurers don’t want to solve the problem,” Bach said.

As the problem lingers, a Santa Rosa firm is attempting to help homeowners protect themselves. BW Builder Inc. assists homeowners in the aftermath of a fire by preparing detailed

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Trump Administration Moves To Throttle Iran’s Financial System As It Battles Covid-19

Trump Administration Moves To Throttle Iran’s Financial System As It Battles Covid-19

Topline

The U.S. Treasury Department on Thursday announced new restrictions targeting the few Iranian banks that hadn’t been subject to the sanctions Washington reimposed following its withdrawal from the multilateral nuclear deal with Iran, raising fears that the country could face difficulty bringing in food, medicine and other humanitarian necessities as it battles a severe coronavirus outbreak.

Key Facts

Treasury Secretary Steve Mnuchin identified 18 Iranian banks it would target with sanctions in order to choke off the country’s connection to the global economy.

While the Trump administration claimed the action would “allow for humanitarian trade,” European officials expressed concern that it would deprive Iran’s devastated economy of access to foreign currency to pay to import essential supplies.

Iran is battling a new rise in Covd-19 cases, seeing its highest-single day case number on Tuesday with 4,151, as well as a record 227 deaths on Monday, according to Al Jazeera.

In August, the U.S. attempted to “snapback” sanctions that were lifted by the multilateral nuclear deal struck in 2015, but the U.N. Security Council announced all 15 member countries except the Dominican Republican rejected the proposal, deeming it illegal given Trump’s withdrawal from the agreement.

The sanctions are meant to dissuade Iran from developing nuclear weapons, but since Trump’s controversial withdrawal from the global pact

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Nigeria Battles Covid-19 With New Small Business Support Fund

Nigeria Battles Covid-19 With New Small Business Support Fund

(Bloomberg) — Nigeria will help cushion small business owners impacted by the coronavirus with grants from a 75 billion naira ($195.5 million) fund, its trade and investment ministry said.



a group of people standing in front of a store: A young woman wearing a hijab carries goods on her head as she walks through Orange Market in Mararaba, Nigeria, on Tuesday, Sept. 1, 2020. By the end of the year, as many as 12,000 people globally could die a day from hunger linked to Covid-19, potentially more than those perishing from the virus itself, charity Oxfam International estimates.


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A young woman wearing a hijab carries goods on her head as she walks through Orange Market in Mararaba, Nigeria, on Tuesday, Sept. 1, 2020. By the end of the year, as many as 12,000 people globally could die a day from hunger linked to Covid-19, potentially more than those perishing from the virus itself, charity Oxfam International estimates.

Close to a million people are expected to benefit from credit support to meet payroll obligations, fulfill official registration requirements and improve their operations hampered by Covid-19-related disruptions, according to a statement on the website of the ministry.

At least 45% of the beneficiaries will be businesses run by women, with another 5% reserved for people with special needs, the ministry said. The funds will be drawn from President Muhammadu Buhari’s 2.3 trillion naira virus stimulus package.

Almost half of Nigeria’s 200 million population fall among the poor who suffered more from the economic impact of the coronavirus.

(Corrects stimulus amount in third paragraph)

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