wildfire risk News

Aon Cites Need for Mitigation as Insured Wildfire Losses Top $10B for Second Year

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 are set to exceed $10 billion in the United …

2018 Wildfire Season Outpacing 2017

This post is part of a series sponsored by CoreLogic. Examining the Risk in French Gulch and Redding Less than a year ago, California was ablaze with some of the most catastrophic fires the United States has seen. Over 10 …

Tennessee Community Devastated by Fires Doubtful Climate Change Poses Future Risk

Bob Bentz had just installed underground utility lines and paved a new road when wildfires roared through the eastern Tennessee treetop canopy he wanted to transform into a $30 million adventure park. A year later, after the blaze killed 14 …

Caution Urged as Wildfire Season Starts in New Jersey

The New Jersey Forest Fire Service is urging residents to be cautious as the spring wildfire season starts in the state. The agency says this year’s season is starting a little earlier than usual because winter conditions became drier and …

Drought in Northeast Could Last Through October

At Lavoie’s Farm in New Hampshire, beans and corn haven’t broken through the ground yet and fields of strawberries are stunted. The drought that has taken hold in the Northeast is especially felt at John Lavoie’s farm in Hollis, presenting …

Dry, Windy Weather in North Carolina Increasing Mountain Wildfires

Windy and dry conditions are causing an increase in the number of wildfires in the North Carolina mountains. Media outlets report that a 60-acre fire near Bearwallow Mountain southeast of Asheville that firefighters have been battling this week is largely …

Effective Wildfire Prevention Hampered by Liability, Weather, Development

Forest managers would prefer to use prescribed burns every few years to help prevent costly wildfires and rebuild unhealthy ecosystems, but hurdles like staffing, budget, liability and new development hinder them, a new University of Florida study shows. Fighting wildfires …

Verisk Expands Wildfire Risk Service to 3 More States

Verisk Insurance Solutions has added Montana, Oklahoma and Wyoming to its FireLine wildfire risk management service. FireLine provides information to insurers to analyze wildfire risk at the individual address level. FireLine uses satellite data to assess the effects of the …

Crestbrook to Offer Wildfire Mitigation for High Value Homeowners

Crestbrook Insurance Co., an affluent market personal lines carrier, has launched Crestbrook Wildfire Solution Program in collaboration with Wildfire Defense Systems (WDS), an insurance wildfire loss prevention and response company. The Wildfire Solutions program offers Crestbrook’s homeowners policyholders access to …

Disaster Declarations Issued for 11 States with Severe Drought Conditions

Federal officials have designated portions of 11 drought-ridden western and central states as primary natural disaster areas, highlighting the financial strain the lack of rain is likely to bring to farmers in those regions. The announcement by the U.S. Department …