Risk
Why the LA Wildfires Should Not Have Been a Surprise Loss
The January 2025 LA Wildfires caused unprecedented losses, but those losses should have been anticipated by insurers. The purpose of catastrophe models is to prepare insurers for losses that haven't ...
Southern California Edison Probes Possible Link to Los Angeles Fires
Southern California Edison (SCE), a subsidiary of Edison International, said on Thursday that it was probing whether its equipment was associated with the ignition of two Los Angeles-area wildfires ...
Proposed Federal Act Seeks to Reduce Wildfires
Last month, Wyoming Republican U.S. Senator John Barrasso introduced legislation to reduce the destruction caused by wildfire risk, while seeking to improve forest health. Around 63 million of the ...
General Purpose AI Could Lead to New Risks: Report
Advanced artificial intelligence systems have the potential to create extreme new risks, such as fueling widespread job losses, enabling terrorism or running amok, experts said in a first-of-its-kind ...
Natural Catastrophes Insurance Protection Gap Stands at 60%: WTW
Last year was the first year that exceeded 1.5°C (2.7°F) warming above pre-industrial levels, resulting in an estimated 60 percent insurance protection gap for natural catastrophes, according to ...
Corporate Transparency Act on Hold After Supreme Court Lifts Injunction
Small businesses are still not required to register with an agency called the Financial Crimes Enforcement Network, or FinCEN — for now. The registration is part of the Corporate Transparency Act, ...
InsurTechs Highlight New Approaches to Wildfire Insurance
Years before the January 2025 Palisades and Eaton fires sparked in high-wind conditions in Southern California, growing to rank among the top three most destructive in U.S. history, InsurTechs ...
Delos Insurance Solutions Tackles a Nonstandard Peril: Wildfire
Kevin Stein believes that wildfires no longer fit into the standard insurance market. Stein is the CEO of Delos Insurance Solutions, an MGA that focuses on homeowners insurance in California. When he ...