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Judge questions wildfire mitigation plan

February 14, 2019 Sudhin Thanawala - THE ASSOCIATED PRESS

SAN FRANCISCO – A U.S. judge who has berated Pacific Gas & Electric Corp. for its role in California wildfires demanded Thursday that the utility answer more questions about its efforts to clear trees and branches that can fall on

News CatastrophesClimate ChangeReinsurance

What’s making wildfires more severe?

November 12, 2018 By Seth Borenstein - THE ASSOCIATED PRESS

WASHINGTON – Both nature and humans share blame for California’s devastating wildfires, but forest management did not play a major role, despite President Donald Trump’s claims, fire scientists say. Nature provides the dangerous winds that have whipped the fires, and

News CatastrophesClaimsInsuranceMarkets / Coverages

California wildfires could cost insurers up to US$8 billion: Aon Benfield

November 9, 2017 by Canadian Underwriter

Historic wildfires in portions of California last month could cost insurers as much as US$8 billion, according to Aon Benfield’s Global Catastrophe Recap for October. The report, released on Thursday by Impact Forecasting, the catastrophe modelling development centre of Aon

News CatastrophesClaimsInsuranceMarkets / Coverages

California asks US for $7.4 billion for wildfire rebuilding

November 6, 2017 Olga R. Rodriguez - THE ASSOCIATED PRESS

SAN FRANCISCO – California Gov. Jerry Brown and lawmakers asked the U.S. government Friday for $7.4 billion to help rebuild after a cluster of fires tore through the heart of wine country, killing more than 40 people and leaving thousands

News CatastrophesClaimsInsuranceMarkets / Coverages

Insured losses from October wildfires top $3 billion, California insurance department reports

November 2, 2017 by Canadian Underwriter

Insured losses from California’s October wildfires now top US$3 billion – a three-fold increase in just two weeks – according to updated claims loss data from the California Department of Insurance. Fifteen major insurers reported the updated $3.32 billion estimate

News CatastrophesInsuranceMarkets / Coverages

California launching fire clean up ‘for the record books’

October 25, 2017 Ellen Knickmeyer - THE ASSOCIATED PRESS

SANTA ROSA, Calif. – Government officials outlined plans Monday for what they say will be the largest fire clean-up in California history, aimed at removing hazardous substances and ash from 8,400 homes and other structures burned in Northern California wildfires.

News CatastrophesClaimsInsuranceMarkets / Coverages

California wildfires already cost more than US$1 billion in losses: state insurance department

October 20, 2017 by Canadian Underwriter

The wildfires in California have cost US$1.045 billion in losses, preliminary data from the California Department of Insurance has revealed. On Thursday, California Insurance Commissioner Dave Jones announced preliminary data provided by eight California insurers processing claims for tens of

News CatastrophesClaimsInsuranceMarkets / Coverages

Wildfire situation in California remains volatile: AIR Worldwide

October 17, 2017 by Canadian Underwriter

While residents of Mendocino County have been allowed to return home after deadly wildfires destroyed property in California, AIR Worldwide is warning the situation “remains extremely volatile” in the region. As winds moderated on Sunday, “firefighters were able to make

News CatastrophesClaimsInsuranceMarkets / Coverages

Spurt of vegetation growth contributes to California wildfires: Munich Re

October 12, 2017 by Canadian Underwriter

With deadly wildfires destroying more than 3,500 properties north of San Francisco, Munich Re is warning that “prime wildfire conditions” may continue in California this winter. “Over the past decade, the United States has seen an uptick in the frequency

News Climate ChangeMarkets / Coverages

Quebec, Ontario and California join forces on climate change

September 22, 2017 by Canadian Underwriter

Quebec Premier Philippe Couillard, Ontario Premier Kathleen Wynne and California Governor Jerry Brown have signed an agreement linking the carbon markets of the two provinces and one state. Couillard hosted Wynne and Brown in Quebec City on Friday. By signing

News AppointmentsInsuranceMergers and AqcuisitionsProfessional Development

Wawanesa names Chris Henn as president of U.S. operations

August 24, 2017 by Canadian Underwriter

Wawanesa Mutual Insurance Company, one of the largest property and casualty insurers in Canada with a growing presence in the United States, announced on Thursday that Chris Henn has been appointed president of its U.S. operations effective Aug. 31. Prior

News CatastrophesClimate ChangeInsuranceMarkets / Coverages

Changing climate patterns, nat cats affecting electrical grid, Swiss Re and Johns Hopkins study finds

July 25, 2017 by Canadian Underwriter

Changing climate patterns are putting additional strain on both power generation and transmission, and presenting another risk factor for natural disaster mitigation and recovery in North America’s Pacific Northwest region, suggests a new study from Swiss Re and the Johns