Risk Models Behind Insurance-Linked Securities Are Getting a Lot Harder to Crack February 26, 2024 By Gautam Naik and Sheryl Tian Tong Lee As the best hedge fund strategy of 2023 becomes a magnet for mainstream investors, the risk models it relies on...
Chile’s Second-Largest Refinery Shuttered Due to Power Outage Following Wildfires February 5, 2024 The Aconcagua refinery, Chile’s second-largest with a capacity to process 102,000 barrels per day (bpd) of crude, has been shut...
Colombia Declares National Disaster as Wildfires Spread Through Parched Forests January 26, 2024 Colombia declared a national disaster as wildfires spread through drought-hit forests and filled the capital, Bogota, with smoke. Environmental authorities...
California Has Lowest Number of Fire Departments Per 100K People, Report Shows January 17, 2024 California topped the ranking for the states with the fewest fire departments per 100,000 people, a new study shows. The...
Top West Insurance Journal Stories of 2023 December 29, 2023 By Don Jergler Insurers pulling back from an increasingly risky California market grabbed the attention of Insurance Journal readers this year. This was...
California Awards $21.7M to Boost Climate Resilience Across the State December 26, 2023 A new Regional Resilience Grant Program aims to protect California communities from climate impacts like wildfire, drought, sea level rise...
Drought-Prone California Oks New Rules for Turning Wastewater into Drinking Water December 21, 2023 By Adam Beam When a toilet is flushed in California, the water can end up in a lot of places – the ice...
Hawaii Governor’s First Budget After Maui Wildfire Includes Funds for Recovery and Fire Prevention December 20, 2023 By Audrey McAvoy Hawaii Gov. Josh Green said he was requesting $425 million from lawmakers during the next fiscal year to help Maui...
Climate Change, El Niño Bring T-Shirt Weather in December for Northern Hemisphere December 8, 2023 By Brian K. Sullivan It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels...
Berkshire Utility Reaches $299 Million Oregon Fire Accord December 8, 2023 By Jef Feeley Berkshire Hathaway Energy Co.’s PacifiCorp said it will pay $299 million to settle claims over wildfires that burned homes in...