wildfires News

Northern California Wildfires Flare up in Heat, High Winds

Thousands fled their homes as major wildfires encroached on a charred area of Northern California still recovering from severe blazes in recent years, sparking concern the state may be in for another destructive series of wildfires this summer. California officials …

Everest Re Expects Q1 Catastrophe Losses of $100M on Rising California Wildfire Claims

Everest Re Group Ltd. estimates it will incur $100 million of catastrophe losses, net of reinsurance recoverables and reinstatement premiums, in the first quarter of 2018, largely arising from the California wildfires and related events. Everest said its original loss …

Texas, Oklahoma, Kansas Facing Dual Threats: Tornadoes, Wildfires

Emergency officials in Oklahoma, Texas and Kansas are bracing for two types of disasters as spring gets into full swing: The start of what’s historically the most active time of year for tornadoes plus wildfire threats brought on by severe …

Wildfires Cost Montana $240M In Visitor Spending, New Research Shows

University of Montana researchers say the 2017 fire season likely cost Montana about $240 million in visitor spending. The Institute for Tourism and Recreation Research said Tuesday that 12.5 million out-of-staters visited Montana last year and spent $3.36 billion. Economist …

California Chief Justice Expects an Influx of Wildfire Claims

California courts are preparing for an influx of lawsuits tied to last year’s historically destructive wildfires and mudslides, Chief Justice Tani Cantil-Sakauye told lawmakers this week in her annual “state of the judiciary” address. Cantil-Sakauye, who has sparred with President …

Wildfires in Southeast Australia Destroy More Than 70 Homes, Kill Livestock

More than 70 homes were destroyed as bushfires swept through the seaside town of Tathra in southeastern Australia at the weekend. Soaring temperatures and wind gusts fanned the fires about 500 kilometers (310 miles) south of Sydney, causing the blaze …

California Officials Lacked Good Fire Alert Plan, Report Shows

Officials in a Northern California county were ill-prepared, disorganized and lacked sufficient training when deadly, fast-moving wildfires broke out last October endangering about 100,000 people, according to a report from California emergency managers. Sonoma County officials requested the state review …

California Mudslide Victims ID’d as Crews Continue Survivor Search

The oldest victim swept away in a California mudslide was Jim Mitchell, who had celebrated his 89th birthday the day before. He died with his wife of more than 50 years, Alice. The youngest, 3-year-old Kailly Benitez, was one of …

Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield

Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance capacity, according to a report published by Aon …

XL Group: Loss Estimates of $45M Related to Southern California Wildfires

XL Group Ltd. on Wednesday announced preliminary estimates of natural catastrophe net losses of roughly $45 million related to the recent wildfires in Southern California and $20 million related to other events. The estimated losses are roughly evenly split between …