wildfires News
This Year’s Thanksgiving Weather Risks: Fires, Flooding, Record Cold, Gusty Winds
Fires and flooding on the West Coast, record cold and gusty winds on the East Coast. Brace yourself for Thanksgiving week, 2018. Northern California could get as much as 7 inches (18 centimeters) of ...
California, Hammered by Fires, Plans for Many More Climate-Change Risks
Two-thirds of California's beaches may be washed away by the end of the century, according to the state's latest forecast. California's fourth statewide climate assessment details the increasingly ...
Wildfires in Greece Claim Dozens of Lives
Greek firefighters say that at least 74 people were killed in wildfires in the country's Attica region, which includes Athens, as a summer heatwave has increased the risk of blazes across Europe. The ...
Oklahoma Wildfires Kill Hundreds of Cattle, Destroy More than 300,000 Acres
Wind-driven wildfires that began in mid-April, fueled by severe drought, have killed hundreds of cattle and destroyed more than 300,000 acres in Oklahoma, authorities said on Monday. Oklahoma has ...
Global Natural Catastrophe Insured Losses Hit Record $144B in 2017: Swiss Re
Global insured losses from natural catastrophes were $144 billion in 2017—the highest-ever recorded in a single year, according to the latest sigma study from the Swiss Re Institute. The biggest ...
Chubb Soars in 2017 Despite Catastrophe Cost Challenges
Chubb ended 2017 in relatively solid shape, challenged by wildfire-related catastrophe costs but buttressed by a one-time gain from the Trump tax cuts. The insurer booked $1.5 billion in net income, ...
Expect More (Near) Record Cat Bond Momentum in 2018: Aon Securities
Aon Securities believes that the record catastrophe bond issuance reached in 2017 is not necessarily a one-time deal. The firm said it predicts issuance will follow a similar momentum in 2018. ...
A New Record: Catastrophe Bond Issuance Surpasses $10.5B in 2017
Catastrophe bond issuance surpassed $10.5 billion in 2017 - a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are ...