Fitch Says LA Fires Could Consume 30% of European Reinsurer Natural Disaster Budgets 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...
Moody’s Expects L.A. Wildfires to Increase Property Insurance Costs Across State January 24, 2025 Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs...
Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors January 24, 2025 California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles...
Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B January 23, 2025 New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between...
Wildfire-Risk Models Are Struggling to Predict LA-Style Fires January 22, 2025 By Gautam Naik Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors...
LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag January 21, 2025 By Lauren Rosenthal Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in...
Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’ January 16, 2025 By Brian K. Sullivan, Laura Curtis and Lauren Rosenthal The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end —...
LA Wildfires Losses Could Top $30 Billion for Insurance Industry January 14, 2025 By Alexandre Rajbhandari Wildfires that have ravaged swaths of Los Angeles could result in losses of as much as $30 billion for the...