wildfire News
2023 Was Average Year for Wildfires Despite Drought, Record Temps
Though 2023 began with nearly 50 percent drought across the U.S., combined with record-breaking temperatures later in the year, the 55,571 wildfires recorded burned just 2,633,636 acres, according to ...Federal Reinsurance for Cats: No Thanks, APCIA Says
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers' issues with growing private reinsurance costs. But a trade group for carriers ...Consequences From Climate Change Now Affect Every Region of U.S.
Revved-up climate change now permeates Americans' daily lives with harm that is "already far-reaching and worsening across every region of the United States," a massive new government report says. ...Hawaii Utility Admits Power Lines Started Fire, But Faults Others
Hawaii's electric utility acknowledged its power lines started a wildfire on Maui but faulted county firefighters for declaring the blaze contained and leaving the scene, only to have a second ...Grid-by-Grid: How One Tech Firm Dissects California Wildfire Risk to Sell Insurance and Reinsurance
There is general consensus among insurance and reinsurance underwriters about the safest property risks to accept in the California market, according to the co-founder of ...
Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as ...
Navigating the Challenges of Wildfire Risk Modeling
As wildfires raged across Northeastern Canada in June, spreading toxic smoke across a large swath of Eastern and Central U.S., risk and insurance executives were reminded ...
Wildfire Fears at ‘All-Time High’ and Driving Insurer Decisions in Property Market: Gallagher Re
Despite a relatively average 2022 wildfire season, fears of wildfires remain at an "all-time high," and those fears appear to be one driver of decision-making on property ...