2020 wildfires News

Berkshire Hathaway Energy Shows Unusual Risk Appetite in Wildfire Court Fight

Berkshire Hathaway Energy Co.’s PacifiCorp has been battered in an unprecedented court fight over the utility’s failure to prevent massive wildfire destruction in Oregon. The largest grid operator in the western US faces the risk that it will have to …

Utility Investors Wary of Exposures After Buffet’s PacifiCorp Held Liable for Wildfires

Destructive wildfires are now an almost routine part of summer in the American West, and electrical utilities have likewise become used to having their power lines and equipment blamed for igniting the blazes. But a jury verdict last month ordering …

From Wildfires to Sally to China Floods, September Was a Disastrous Month

Third quarters are often the costliest of the year in terms natural disasters. Insurance broker Aon’s monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during September 2020, found this to be …

Arctic Temperatures Soar to Record Levels in June, Stoking Wildfires: EU Data

GENEVA/MOSCOW – Temperatures in Arctic Siberia soared to a record average for June amid a heat wave that is stoking some of the worst wildfires the region has ever known, European Union (EU) data showed on Tuesday. Global temperatures last …