losses News

RMS Estimates that Total Insured Losses from the 2020 Western U.S. Wildfires Will Be Between US$7bn – US$13bn

Latest RMS estimate includes loss from new fires that started and spread following the previous RMS loss estimate in September Newark, CA – December 15, 2020 – RMS, the world’s leading catastrophe risk solutions company, estimates insured losses from the …

Northwest Windstorm Kills 1, Thousands Lose Power

One person died after a tree fell on them and thousands of people in western Washington were without power as high winds blew into the region Tuesday. According to Anne Nesbit with Key Peninsula Fire, a tree fell on a …

Mechanical Problems Likely Caused Massive Washington Industrial Plant Fire

Mechanical problems at a Tacoma, Wash. industrial plant are the likely cause for a fire that triggered explosions and spewed toxic chemicals into the air early over the weekend. It took several hours for Tacoma firefighters to put the fire …

Team Investigating Deadly California Wildfire Seizes PG&E Equipment

Fire investigators looking into what caused a wildfire that killed four people in far Northern California have taken possession of equipment belonging to Pacific Gas and Electric, the utility has reported. PG&E said in a filing Friday with the Public …

California Commissioner Asks Insurers to Cover Wildfire Losses Sans Home Inventory

California Insurance Commissioner Ricardo Lara is asking insurance companies help wildfire survivors by providing up to 100% of personal property coverage limits without a detailed inventory to those who suffered a total loss of their home, similar to previous identical …

Few Resources, Old-Growth Forest Allowed Growth of California Wildfire

A lack of firefighting resources in the hours after it was sparked allowed a fast-moving wildfire to make an unprecedented run through Southern California mountains and eventually find fuel in old-growth trees to become one of Los Angeles County’s largest …

California Wildfire Threatening More Than 1,000 Homes

A wildfire burning through brush and timber from the mountains to the desert northeast of Los Angeles threatened more than 1,000 homes on Tuesday as crews across the West battled dozens of other major blazes. The Bobcat Fire in Southern …

Fire Weather May Improve for Pacific Northwest, No Such Luck for Tinderbox California

Rains may bring some reprieve to those suffering from massive blazes in the Pacific Northwest in the next few weeks, but forecasters don’t expect any help for wildfire-plagued California anytime soon. That’s according to briefing call on Friday morning held …

Wildfires Grow in Oregon as 500K Evacuated, Death Toll Rises

Around half a million people in Oregon evacuated as dozens of extreme, wind-driven wildfires scorched U.S. West Coast states on Friday, destroying thousands of homes and killing at least 16 people, state and local authorities said. In southern Oregon, an …

Explained: How California’s Wildfires Could Spark a Financial Crisis

Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets, an advisory panel to a U.S. markets regulator found. Those effects …