LA wildfires put Stand in spotlight as homeowners seek insurance [Video]
Categories
Small Business Funding

LA wildfires put Stand in spotlight as homeowners seek insurance [Video]

An aerial view of repair vehicles at sunset passing near beachfront homes that burned in the Palisades Fire as wildfires cause damage and loss through the LA region on January 15, 2025 in Malibu, California. 

Mario Tama | Getty Images

Midway through December, tech entrepreneur Dan Preston debuted insurance startup Stand’s first product focused on protecting property in wildfire zones. He should have had months to work with prospective customers and to market the offering before any catastrophic fires hit the U.S.

In California, Stand’s home state, fire season normally lasts from early summer through October or November. Stand, which Preston co-founded early last year, announced a $30 million financing round and the new product on Dec. 16, a few days before the official start of winter.

But it’s been a winter like no other. Three weeks after Stand’s launch, wildfires ravagedparts of Los Angeles, killing more than two-dozen people, scorching about 41,000 acres due to extreme winds and destroying at least …

Watch/Read More

Most Popular Posts Today

Officials urge public to check on vulnerable family members and property during cold snap [Video]
►
Categories
Small Business Funding

Officials urge public to check on vulnerable family members and property during cold snap [Video]

As cold weather approaches, safety officials in the Inland Northwest are emphasizing the importance of preparing for below-freezing temperatures. The community has experienced the damaging effects of extreme cold in the past. Last January, the Post Falls Library and other businesses, including Goodwill, suffered significant water damage due to burst pipes. The library faced the

Most Popular This Week