Europe Faces 3C of Global Warming. Here’s How It Plans to Cope. March 8, 2024 By John Ainger Europe will be 3C hotter even if the world succeeds in limiting global warming to 1.5C above pre-industrial levels, bringing...
Pacificorp Ordered to Pay Oregon Wildfire Victims Another $42M March 8, 2024 A jury in Oregon has ordered PacifiCorp to pay more than $42 million to 10 victims of devastating wildfires on...
Washington Commissioner Wants Insurers to Modify Claims Process for Wildfire Victims March 6, 2024 Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim...
Experts Say California to Be Drought-Free Through 2025 Following Winter Storms March 5, 2024 AccuWeather meteorologists say California will be free of widespread drought through the end of 2025 on the heels of a...
Infernos Rage From Texas to Australia as Wildfire Season Kicks Off Early March 4, 2024 By Brian K. Sullivan, Jessica Nix and David Stringer After a year of deadly wildfires around the globe, the world is burning again from Texas to Australia — and...
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...