Increasing Wildfire Losses: Threat or Opportunity?

Overview

There’s no question that wildfire losses are increasing—the question is whether this is a threat or an opportunity for (re)insurers.

This white paper from Karen Clark & Company demonstrates how large loss-producing fires happen and where they are likely to occur in the future. While the losses from the recent LA wildfires were unprecedented, the conditions that led to these losses were not. The paper illustrates how insurers can be prepared for the frequency and severity of future losses well in advance.