All Wildfire 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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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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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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NewsICEYE to add wind risks to flood and wildfire focus; satellite constellation reaches 40
Synthetic-aperture radar satellites complements other technologies used to assess natural catastrophe damage, and ICEYE plans to use its growing satellite constellation to prevent flood damage when possible, as well as detect it.
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NewsHawaii wildfires: Moody’s RMS estimates insured property loss of $2.5-4bn
Most losses are expected to be from the town of Lahaina, which sustained catastrophic urban fires for 12 hours and destroyed almost 2,200 structures. Around 75% of the economic loss is expected to be insured, the cat modeller thinks.
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NewsKCC estimates Hawaii property losses at $3.2bn
Karen Clark & Company (KCC) has estimated the property insurance losses arising from the wildfires in Maui to be around $3.2bn.
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NewsMaui wildfires to surpass $1bn insured loss estimate – Moody’s
The devastating Maui wildfire is likely ranked among the most costly insured catastrophes in Hawaii’s history.
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NewsPolo, Aon get approval for wildfire Lloyd’s Syndicate 1996
The wildfire risk is the latest of Lloyd’s “Syndicate-in-a-Box” programme.
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NewsCCR to sell €200m stake in CCR Re
French reinsurance mutual needs to grow and become autonomous in the face of growing nat cat losses, says Board
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NewsReinsurers risk misunderstanding secondary perils due to cat models
PWC predicts a ‘pretty expensive year’ as secondary perils drive up losses ahead of H2’s Florida hurricane season
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NewsAon taps University of California to enhance wildfire model
Recent events in North America have changed the perception of wildfire as a secondary peril
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NewsEffects of climate change evident in H1 cat events
The record-high temperatures in many parts of Europe is expected to drive further losses caused by droughts and wildfires
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NewsEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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NewsWildfires threaten New Mexico resorts
More than 300 properties in New Mexico and 500 in Orange Country have been destroyed so far
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NewsWildfire costs grow for solar sector
Insufficient fire risk management and record high temperatures will increase the likelihood of fires spreading out of control
