California wildfire News
California Department of Insurance Completes Final Review of Wildfire Model
The California Department of Insurance completed a review of the state's first wildfire catastrophe model, marking a dramatic change in the state's property/casualty insurance ratemaking process. The ...
Catastrophe Bond Funds Say They’ll Dodge Losses as LA Fires Rage
The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks. Roughly 12 percent of the $50 billion cat-bond market is ...
Malibu Avoids Widespread Ruin as Firefighters Gain Ground
Improving weather conditions and a massive counterattack by firefighters appear to be turning the tide in the Malibu wildfire, sparing the wealthy California enclave from large-scale property losses. ...
Wildfire Near Los Angeles Burns Dozens of Homes
Over 10,000 people were ordered to evacuate from a wildfire northwest of Los Angeles as fierce seasonal winds blew flames into ranches and neighborhoods, destroying dozens of homes, authorities said ...
Firefighters Tame California’s Fourth Largest Wildfire on Record
California's largest wildfire this year has been significantly tamed as the state's initially fierce fire season has, at least temporarily, fallen into a relative calm. The Park Fire was 53 percent ...
‘Buffett Got It Wrong’ on California Fire Risk: PG&E CEO
Warren Buffett's warning that wildfires have turned utilities across the western U.S. into risky investments is mistaken — at least in California, according to the head of the state's largest ...
Claims or No Claims
"A Moment of Incredible Opportunities"
That title on top of a series of slides presented by a featured speaker at a recent Casualty ...
Details of Calif. Wildfire Plan Sketchy, but a Useful Marketing Tool for Data Vendors
A proposal by California's insurance regulator to require insurers to write more policies in areas at risk of wildfires is more a promise than a plan, but the ...
