Risk
Drought, Wind Speed Factors Driving Wildfires in Southern California
Southern California is experiencing its most devastating winter fires in more than four decades. Fires don't usually blaze at this time of year, but specific ingredients have come together to defy ...
Insured Losses From Los Angeles Wildfires Rising: $8B to $20B
With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure to become ...
Los Angeles Fires Become Existential Test for California’s Stopgap Insurer
The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California's massive ...
Insured Losses From Natural Disasters Hit $140B in 2024
Insurers saw the third most expensive year for natural catastrophe losses in 2024—reaching a total of $140 billion—as climate change "is showing its claws," according to Munich Re. Overall ...
Musk’s Massive Tesla Lithium Plant Hunts for Water in Drought-Hit Texas
Twenty miles outside Corpus Christi, Texas—an area so dry the local water company distributes shower timers at high school football games—the world's richest man is nearly done building a lithium ...
Idaho Lab Trains Firefighters on EV Battery Safety
An EV battery workshop, held by the Idaho National Laboratory (INL) for firefighters from four eastern Idaho fire departments, highlighted the risks associated with electrical vehicle (EV) batteries. ...
California Wildfires Declared Federal Disaster: FEMA
FEMA announced yesterday that federal disaster assistance is available to the state of California to supplement recovery efforts in the areas affected by wildfires and straight-line winds from Jan. ...
Why All the Fuss? Fairness Regulations Meet Insurers’ Growing Use of AI
Insurers worldwide are increasingly embracing artificial intelligence (AI) and machine learning (ML) powered decision support tools (Artificial Intelligence Systems or AIS)— both home-grown and ...