Risk
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Industry analysts' early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it's too early ...
An Increase in Identity Theft, Cybercrime Predicted in 2025
The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC). It's anticipated there will be reduced support for victims and less law ...
‘PDS’ Warnings Designed to Grab Attention During Extreme Weather
The National Weather Service's Los Angeles page screams "Particularly Dangerous Situation (PDS)" in hot pink letters against a gray background. It's a rare warning aimed at seizing attention ahead of ...
Palisades Fire Litigation: Suit Alleges LA Utility Mismanaged Water Supply
A lawsuit filed against the Los Angeles Department of Water and Power on Monday accuses the public utility of failing to properly manage water supplies critical to fighting the deadly Palisades Fire, ...
Update: LA Wildfire Insurance-Loss Estimates Approach $40 Billion
The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion. The fresh figure Jan. 14 from ...
New Commercial Auto Exposures: The Evolution of Terror Liability Risk
While it may be too soon to talk about the insurance impact of tragic events, that is what we do in the insurance industry. So, hopefully you will understand my attempt to be clinical here and make ...
Are Cars ‘Structures’? Tallying the Damage from the Los Angeles Wildfires
The extent of the damage from wildfires ravaging the Los Angeles area is horrific however it's tallied: Neighborhoods have been erased, landmarks destroyed and lives lost. But officials have prompted ...
Edison Utility Sued Over Role of Equipment in Los Angeles Fire
Edison International Inc.'s southern California utility was hit with a lawsuit blaming the energy provider's equipment for igniting one of the wildfires still raging in the second-largest US ...