Latest Wildfire Headlines
All the headlines from our Wildfire Topic Page, ordered by recency.
AM Best Downgrades Ratings of Mercury in California, Wildfires a Factor
Dec 12 2018 // AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Los...
PG&E Gives Details on Tower Damage at Heart of California Fire Probe
Dec 12 2018 // PG&E Corp. revealed that on the day California’s deadliest and most destructive wildfire started, its workers saw damage and a fire near one of its transmission towers, which are the focus of investigations and a...
Firms to Pay $9M to Settle Suit Over Damages in 2012 California Wildfire
Dec 12 2018 // Officials say a construction company and a logging firm have collectively agreed to pay $9 million for damages resulting from a 2012 wildfire that burned more than 1,600 acres of national forest land in Northern...
Utilities to Cover Power Lines, Expand Weather Monitoring in High Risk Areas
Dec 12 2018 // California utilities plan to insulate power lines, increase inspections and build new weather stations in areas at high risk for wildfires in an effort to combat increasingly destructive blazes. Southern California Edison...
Sweden’s Wildfires Highlight Cost of Rapidly Changing Climate in Europe
Dec 12 2018 // Hannele Arvonen, the owner of one of Sweden’s largest lumber yards, is spending the winter months planning for a new and unexpected threat to her business: regular wildfires raging just south of the Arctic...
PG&E Sued for Ad Spending Instead of on Preventing Events Like the California Wildfire
Dec 11 2018 // PG&E Corp. was accused of putting its “reputation above public safety” in a lawsuit alleging that the power company spends too much on advertising and not enough on preventing devastating Northern...
Online Sleuthing Skills Help in Wake of California Wildfire
Dec 11 2018 // They have become known as the Angels of Paradise. But there is nothing ethereal about them. They are online sleuths who know how to find people, and they have been putting their skills to use in the aftermath of...
Markel CATCo Reports U.S., Bermuda Inquiries into Reserves
Dec 9 2018 // On Friday Dec .7, Markel Corp. said it was fully cooperating with inquiries by U.S. and Bermuda authorities into loss reserves recorded in late 2017 and early 2018 at Markel CATCo Investment Management Ltd., the...
Deadly California ‘Firenado’ Explained in New Study
Dec 7 2018 // A rare fire tornado that raged during this summer’s deadly Carr Fire in Northern California was created by a combination of scorching weather, erratic winds and an ice-topped cloud that towered miles into the...
Aon Cites Need for Mitigation as Insured Wildfire Losses Top $10B for Second Year
Dec 7 2018 // Total aggregated economic losses for the wildfires that have burned across Northern and Southern California throughout the month are expected to minimally exceed $10 billion, while insurance claims payouts for wildfires...
Modeler: Insured Losses from Camp Wildfire in California at $6B to $9B
Dec 6 2018 // Catastrophe modeling firm AIR Worldwide estimates that industry insured losses from the Camp Fire in Northern California will be between $6 billion and $9 billion, and taken together with the Woolsey fire in Southern...
California Attorney General Brought into PG&E Wildfire Probe
Dec 6 2018 // California Attorney General Xavier Becerra was asked by a federal judge to weigh in on whether reckless operation of power lines by PG&E Corp. in connection with deadly Northern California wildfires would constitute a...
Farmers Expects $2.1B in Claims from California Wildfires
Dec 5 2018 // Farmers Insurance expects $2.1 billion in claims from the California wildfires in November. The Los Angeles, Calif.-based carrier said it has so far received more than 9,000 claims combined for the Camp Fire in Northern...
Schools Open 3 Weeks After Northern California Wildfire
Dec 4 2018 // Monday marked a return to school and some semblance of routine for thousands of children who lost their homes to a deadly wildfire in Northern California. Schools in Butte County have been closed since Nov. 8, when the...
Will California See More Laws and Regulations in Wake of Wildfires?
Dec 3 2018 // Last year’s California wildfires destroyed thousands of homes and cost billions of dollars, but they also created numerous new laws and regulations in their wake as Legislators and insurance regulators looked for...
Imagery and Artificial Intelligence in Wildfire Risk
Dec 3 2018 // Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and...
Reducing Fire Risk Doesn’t Cost More
Dec 3 2018 // Properties built in wildfire-prone areas could be built to better withstand fire risk without increasing the cost of construction. That’s according to a new study released last month that found negligible cost...
California Seizes Small Insurer Merced P&C Due to Wildfire Claims
Dec 2 2018 // California regulators moved Friday to take over an insurance company that can’t pay out all claims following a massive wildfire that destroyed more than 13,000 homes. Merced Property & Casualty Company was pushed...
Modeler: Insured Losses from Woolsey Fire in Southern California at Least $2.5B
Nov 30 2018 // Catastrophe risk modeling firm AIR Worldwide on Friday said it estimates that insured losses from the Woolsey Fire in Southern California will be at least $2.5 billion. Moody’s on Thursday released estimates showing...
2.9M Colorado Residents Now Living in Areas at Risk Of Wildfire
Nov 29 2018 // The number of Coloradans whose homes are at risk from wildfires soared 45 percent in five years, reflecting the state’s booming population and changing uses of agricultural land, state officials said. The Colorado...
