Latest Wildfire Headlines
All the headlines from our Wildfire Topic Page, ordered by recency.
Catastrophe Bond Managers Put Hurricanes Behind Them, Plan New Launches
Dec 20 2017 // Hedge funds and other managers of catastrophe bond funds racked up some of the worst losses in more than a decade from this year’s hurricanes and wildfires. But a year that is shaping up to be the costliest on record...
Calm Winds Aid Firefighters in Making Progress on California Fire
Dec 19 2017 // Crews are using a break in winds to do a controlled burn to remove dry brush and build containment lines around Southern California’s Thomas Fire. Fire spokesman Capt. Rick Crawford said Tuesday that officials will...
House Republicans Eye Disaster Aid, Short-Term Funding Bill
Dec 19 2017 // House Republicans agreed Monday on $81 billion in disaster relief for areas hit by hurricanes and wildfires, the largest standalone aid bill in recent years, according to a document provided by a Republican lawmaker. The...
Homeowners Fear Losing Insurance in Midst of California Fires
Dec 18 2017 // California homeowners and regulators have a new fear about wildfires ravaging the state: that insurers will drop coverage. Massive, out-of-season fires in northern and southern California are causing billions of dollars in...
California Wildfire Claims Top $9.4B, Department of Insurance Says
Dec 18 2017 // California Commissioner Dave Jones announced in early December that the total of insured losses from the wildfires in California in October had topped $9.4 billion in residential and commercial claims. That figure is near...
Insurance Industry Week of Giving Set Records in Midst of Catastrophes
Dec 18 2017 // Hundreds of volunteers from the insurance industry descended on the National Veterans cemeteries in October in Houston and Dallas-Fort Worth to assist with maintenance and cleanup. Volunteers in Chicago from several...
The Road to a Rebound After 2017 Storms, Wildfires: Fitch
Dec 18 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
Tougher Utility Rules Being Considered in Wake of California Wildfires
Dec 15 2017 // California utilities may face tougher safety rules for power lines, phone lines and utility poles in parts of the state most prone to wildfires. Under the proposed rules being considered by the California Public Utilities...
Winds Kick up Fire Threat from California Wildfires
Dec 15 2017 // Dry, gusting winds are aggravating fire worries across much of central and western California, including those areas where infernos are still raging and places that were scorched in October, the U.S. Storm Prediction...
Farmers Reports $1.2B in Claims from Northern California Wildfires
Dec 15 2017 // Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its...
200 Homes Evacuated as South Dakota Wildfire Grows
Dec 14 2017 // Strong winds are fanning the flames of a growing wildfire in South Dakota, pushing the fire beyond the borders of the Custer State Park and prompting new evacuations. Custer County Emergency Management director Mike Carter...
Verisk: 96% of the Area in California Fire at High or Extreme Wildfire Risk
Dec 13 2017 // Most of the area within the massive Thomas fire in Southern California is at high or extreme wildfire risk, according to a Verisk report on Wednesday. The fire encompasses more than 230,500 acres, and while containment on...
Wind Threat Remains as Crews Gain on Huge California Wildfire
Dec 13 2017 // After achieving increased containment on one of the biggest wildfires in California history, officials warned that communities remain at risk and the threat could increase as unpredictable winds whip up again. Red Flag...
California Commissioner Wants Halt to Moratoriums in Wildfire Areas
Dec 12 2017 // California Insurance Commissioner Dave Jones has issued a formal notice to insurers directing them to cease any and all moratoriums on auto insurance and reminding them that California law prohibits the practice. Jones...
It’ll Take Time for P/C Insurers’ Profits to Rebound After 2017 Storms, Wildfires: Fitch
Dec 11 2017 // U.S. property/casualty insurers will rebound in 2018 from the late-2017 onslaught of hurricanes and wildfires, but it will take a while to return to “significant underwriting profits,” Fitch Ratings predicted...
FBI Keeping an Eye on Fraud in Northern California Fire Recovery
Dec 8 2017 // The FBI is joining efforts to prevent fraud related to Northern California wildfire recovery efforts. Nearly two dozen blazes ripped through the region in mid-October, destroying 8,800 structures and 245,000 acres of land....
Report: 86K-plus Homes at Some Risk Level in Southern California Wildfires
Dec 8 2017 // A total of 86,242 homes in Ventura and Los Angeles counties with a combined reconstruction cost value of $27.7 billion are at some level of risk from the Thomas, Rye and Creek Wildfires, according to a CoreLogic report...
How A Dry Spell Allowed Winds to Lash California With Flames
Dec 8 2017 // The hot, dry Santa Ana winds whipping up the unseasonably fierce wildfires ravaging Southern California have come at the worst time, at the end of a long dry spell. The combination of savage Santa Anas and tinder-dry...
Los Angeles Wildfires Close Roads, Threaten Crops, Force Evacuations
Dec 7 2017 // Wildfires raging across Southern California have shut a major commuter artery in Los Angeles, suspended filming, wiped out more than $3 billion of market value for regional utility Edison International and are threatening...
California Wildfire Claims Now Top $9.4B, Department of Insurance Says
Dec 6 2017 // California Commissioner Dave Jones announced on Wednesday that total of insured losses from the wildfires in California in October now top $9.4 billion in residential and commercial claims. The latest figure is near the...
