losses News

Losses from California Wildfires Could Reach up to $6 Billion, Experts Say

This story has been updated with the latest estimates on fire losses. The wildfires raging in California are shaping up to become an infamous if not historic event. The fires have destroyed 3,500 structures and counting, far exceeding the 2,820 …

Cal Fire: California Wildfires Have Destroyed 3,500 Structures, Killed 17

Cal Fire is reporting that 17 people are confirmed to have died in the wildfires throughout the state this week and that at least 3,500 homes and commercial structures have been destroyed by the fast-moving blazes. “Overnight fire conditions were …

Bad Design, Poor Construction Blamed for California Dam Damage

Bad design and construction of the tallest U.S. dam a half-century ago and inadequate state and federal oversight since then led to a disastrous spillway collapse in February, an independent national team of dam safety experts said this week as …

Western U.S. Wildfires Force Evacuations of Thousands

Wildfires forced thousands to flee their homes across the U.S. West during a sweltering, smoke-shrouded holiday weekend of record heat. The fires caused evacuations in Glacier National Park in Montana and many other parts of the West; compelled crews to …

California’s Drought Is Over, but a New Report Shows Wildfire Risk is High for Millions

California’s drought-ridden feet aren’t out of the proverbial fire yet. This years’ powerful winter storms ended perpetual discourse about the state’s multiyear drought, but there are still 4.5 million homes at high or extreme risk of wildfire in California and …

Report: Climate Change to Increase Insured Losses from Windstorms in the U.K.

Climate change will drive up wind losses in the U.K. in coming years, according to a recent report from the Association of British Insurers, the Met Office, and Boston, Mass.-based catastrophe modeler AIR Worldwide. The report shows that temperature increases …

Hailstorm Caused $4M in Damage to City in New Mexico

A small city in southeastern New Mexico is recovering after being hit with a strong hailstorm. The Hobbs News-Sun reported that Jal was struck this weekend with hailstones bigger than golf balls that caused an estimated $4 million in damage. …

$352.8M in Damage from July Hailstorm in Colorado

The July 28 hailstorm that hit Colorado Springs was the sixth-most damaging event in Colorado history. The Gazette reported that according to an insurance industry trade group the storm earned $352.8 million in claims for damage to homes and vehicles. …

Damage From Storm That Struck Colorado and Wyoming Exceeds $25M

A hail storm that struck northern Colorado and Wyoming in July has caused at least $25 million in damage to insured private property. The Greeley Tribune reported insurance professionals have deemed the July 29 storm catastrophic, which means the insured …

Wildfire Destroys More than 100 Homes in Northern California

A wildfire stuck a Northern California town still recovering from a massive fire nearly a year ago, destroying more than 100 homes and forcing thousands to flee, authorities said Monday. Gusts kicked up flames on Sunday and the fire tore …