insured losses News

Climate Change Made LA 35% More Primed to Burn, Scientists Say

Climate change made Southern California’s dangerous wildfire conditions in early January 35% more likely than they would have been before the industrial era, according to a new analysis by the scientific group World Weather Attribution. Greenhouse gas pollution raised temperatures, …

LA Wildfires by the Numbers: Insured Losses, Total Losses, Ratings, Rates

The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses and damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance …

Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B

Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20 billion to $30 billion range. The Jan. 17 estimate from Moody’s RMS came a day after CoreLogic put out a …

Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured

CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t know,” Tom Larsen, …

Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates

Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it’s too early for precision in the numbers. In short, whether they were calculated …

The Most Important LA Wildfire Stories to Know About

As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer. Despite the cacophony of a world stage that includes …

Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses

Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best guess of $26 billion. The Newark, California-based catastrophe modeler also narrowed its range for insured losses from hurricanes Milton and …

Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk

Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk’s Extreme Event Solutions group said the range includes privately insured losses to onshore property …

KCC Expects Private Insured Losses of $36B From Hurricane Milton

Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate includes losses from wind, storms surge, and inland flooding to personal, commercial and industrial properties and vehicles, as well as …

Hurricane Francine Insured Losses to Be Manageable With New Orleans Miss

Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler …