risk News

2018 California Wildfires – An Actuarial Review

This post is part of a series sponsored by CoreLogic. 2018 was another catastrophic year for wildfires across the United States. Nearly 9 million acres burned, and many lives, homes and businesses were lost. California alone had over 1.8 million …

Another $550M in Properties at Immediate Risk in 3 California Blazes, Report Shows

A catastrophe modeler released figures on Wednesday showing how costly ongoing California blazes could potentially be as blustery winds make for increasingly dangerous fire risk up and down the state. Damages from the fires burning across California stand at $25.4 …

Fire Official Says Oregon Wildfire Risk Map Flawed

A fire official says a wildfire risk map being created by Deschutes County, the home of Bend, Oregon, underestimates fire danger because it doesn’t take into account the danger when homes catch fire in densely built suburbs. The Bulletin reported …

California Heat Stokes Fire Risk, Residents Asked to Curb Power Use

A second day of unrelenting heat is scorching California, sending temperatures to near record levels, raising risk of wildfires and prompting calls for energy conservation. Temperatures surged past 100 degrees Fahrenheit in parts of Northern California Tuesday, with heat advisories …

2.9M Colorado Residents Now Living in Areas at Risk Of Wildfire

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 State Forest Service said 2.9 million people …

CoreLogic & Academic Institutions: The Future of Catastrophe Risk

This post is part of a series sponsored by CoreLogic. First on the Market Ten years ago, CoreLogic® (at the time, EQECAT) introduced the use of global Atmosphere-Ocean-General-Circulation Models (AOGCM) for insurance-oriented assessments of windstorms in Europe. They were used …

Dogs, Horses, Pigs and Skunks — Oh, My!

This post is part of a series sponsored by PersonalUmbrella.com When 68% of U.S. households have a pet, there’s no question that pets are family. And since we’re in insurance, we often view pets as “risks” rather than “furbabies.” When …

Feds Will Use Fires to Lower Washington Wildfire Risks

To reduce the risks of wildfires, federal officials this spring are planning to conduct controlled burns on more than 9,000 acres of land in Washington state forests. The Seattle Times reported the fires planned in the Okanogan-Wenatchee National Forest is …

CoreLogic: $13.3B in Reconstruction at Risk in Northern California Dam Failure

Roughly 50,047 single- and multi-family residential homes could be damaged with an estimated reconstruction cost value of $13.3 billion if the Oroville Dam in California were to fail completely, according to new data analysis from CoreLogic that included the six …

Schwarzenegger Discusses Risk at California Insurance Forum

It turns out characters like Conan the Barbarian, the cyborg from Terminator and Dutch the protagonist in the original “Predator” movie, know a thing or two about risk. Definitely the actor who portrayed them does. Actor Arnold Schwarzenegger on Monday …