In what could be shaping up to be one of the worst wildfire seasons in recent memory, insurers are scrambling to deal with the aftermath of several massive wildfires in the region – and they’re preparing people for the possibility …
Firefighters are making progress on a wildfire in Colorado that has now consumed an estimated 4,140 acres, destroyed 27 structures and caused the deaths of at least two people, according to the Colorado State Forest Service. The fire, which may …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued its “Annual Global Climate and Catastrophe Report,” which aggregates and analyses the natural disaster perils that occurred worldwide during 2011, which concludes that the impact of …
Reinsurance broker Guy Carpenter has examined the past year’s natural catastrophes, which it describes as “an unusually eventful year for the (re)insurance sector.” In addition to the ongoing financial crisis, which has produced recessions, or near recessions, in developed countries, …
Windstorms that hit southern Alberta in November have caused at least C$200 million [US$195] in insured damage, according to the Insurance Bureau of Canada. However, the estimate is preliminary, based on data from Property Claim Services Canada (PCS-Canada), a service …
Aon Benfield’s latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during October, states that insurers are exposed to a minimum $5 billion loss as Thailand suffers continued record flooding. The study, …
A preliminary report on the 2010 Fourmile Canyon wildfire in Boulder County shows insured losses exceeded $200 million, fire management costs will have exceeded $14 million following rehabilitation efforts, and that while fire responders’ efforts were well-executed, the fire spread …
Insured damages from what has become the costliest wildfire in Texas history will climb to $250 million, an insurer trade group says. The Bastrop County Complex fire is now 98 percent contained, according to the Texas Fire Service (TFS). It …
An industry group says insured losses from a week of Texas wildfires could reach $250 million. The Insurance Council of Texas offered the estimate for the more than 180 wildfires reported statewide since Labor Day weekend. The organization said insured …
The Texas Forest Service reports that an estimated 1,939 homes have been destroyed in the state by wildfires since the Labor Day weekend. The insured losses from the Bastrop County Complex fires alone could reach $150 million, according to the …
