All LA wildfires articles
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NewsAon reports record $38bn in Q1 insured catastrophe losses
Wildfires in California alone contributed about $38bn of insured losses, or 71% of the total, according to the re/insurance broker.
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NewsRecord earnings for ‘big four’ Continental reinsurers; discipline held amid casualty, wildfire claims
Munich Re, Swiss Re, Hannover Re and SCOR have raised their earnings targets after strong performance and €11bn of combined earnings in 2024, according to a paper from rating agency Moody’s.
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NewsRenewals at 4/1 favour reinsurance buyers – Aon
A competitive reinsurance market saw “much improved pricing” for most buyers at the key 1 April renewal for Japan, South Korea and India, the reinsurance broker reported. Notably, the LA wildfires had little effect beyond loss-hit US insurers, according to Aon.
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NewsWildfire, SCS, and the future of cat modelling – Karen Clark interview
Karen Clark, CEO of Karen Clark & Company (KCC), is a pioneer in catastrophe risk modelling. As the industry faces mounting challenges from wildfires, severe convective storms (SCS), and shifting market conditions, the looks to the future of cat models.
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NewsFires, hail and shifting risks in renewable energy: GCube’s McLachlan interview
GCube Underwriting’s CEO on wildfire insurance, battery storage risks, and the pricing challenges for insuring renewables.
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NewsMulti-source data’s critical role in responding to the LA wildfires
The LA wildfires underscored the importance of balancing speed with precision, writes David Heathcote of McKenzie Intelligence Services.
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NewsKCC estimates $28bn insured losses for Palisades, Eaton fires
Insured loss estimate based on high-resolution KCC US Wildfire Reference Model.
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NewsVerisk estimates Palisades, Eaton Fires insured loss $28bn-35bn
The cat modeller’s estimate includes losses due to fire and is inclusive of losses to the California Fair Plan.
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NewsLA firestorm: $20-30bn insured loss estimate from Moody’s RMS
Cat modeller’s preliminary estimate range reflects impacts observed to date, with significant uncertainty.
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NewsLA wildfires have likely destroyed 10,000+ buildings, costing insurers ‘billions’
Los Angeles wildfires, with the Palisades fire looking like the most destructive, have already burned 11,802 acres and are “0% contained” as high winds threaten to further fan the flames.
