Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Hübner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
Trump’s Hiring Freeze Throws Wildfire Fighters Into Disarray February 18, 2025 By Olivia Raimonde Federal firefighters have found their jobs on the chopping block as a result of US President Donald Trump’s executive orders,...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...
Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle January 22, 2025 By Allen Laman While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the...
Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B January 20, 2025 Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20...
Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured January 17, 2025 By Susanne Sclafane CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion...
Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims? January 16, 2025 By L.S. Howard There has been some question about whether California’s insurer of last resort – the FAIR Plan – has enough cash...
Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable January 10, 2025 By L.S. Howard Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses...
Oregon’s New Rules for Homeowners Living in Certain High-Risk Wildfire Areas January 9, 2025 By Claire Rush Oregon homeowners living in certain areas at high risk of wildfire will face stricter building codes and mandates to reduce...
A Look at the $100B Disaster Relief in the Government Spending Bill December 27, 2024 By Rebecca Santana and Travis Loller Congress is allocating more than $100 billion in emergency aid designed to address extensive damage caused by disasters after this...