Posts Tagged ‘Fires’

September 10th, 2018

Closing the Gap: Public Sector Risk Financing Solutions Increase Community Resiliency - GC@MC Commentary

Posted at 1:00 AM ET

clark_jonathan-headshotJonathan Clark, Head of Public Sector Specialty, U.S.


  • Only 33 percent of economic disasters are alleviated through (re)insurance
  • Recent functional risk transfer mechanisms use advances in data, analytics and modeling
  • Guy Carpenter and GC Securities* are working with over 100 public entities around the globe Continue reading…
July 31st, 2018

Carr Fire – Redding, California

Posted at 6:09 PM ET

carr-smallIn Northern California, the Carr Fire has burned at least 110,154 acres since July 23 and claimed at least six lives according to media reports and Cal Fire. Damage survey efforts are still ongoing, however initial indications are that at least 1,236 structures have been destroyed with another 225 damaged. At least 27,000 people have been displaced by this event. Ongoing hot conditions are expected for the area which will continue to enable active fire spread. Nevertheless, containment efforts have made headway and the fire is under 27 percent containment according to Cal Fire. The fire continues to pose an active threat to numerous structures along with power and communications infrastructure, and evacuations remain in place. Our thoughts and concerns remain with those lost and personally affected by this event.

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January 17th, 2018

GC Capital Ideas: CAT-I Stories: Fourth Quarter, 2017

Posted at 1:00 AM ET

Here is a look back at the CAT-i stories covering October through December of 2017.

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October 17th, 2017

California Wildfires – October 8-17, 2017 - Update

Posted at 6:52 PM ET

calif-wildfires-10-8-17-smWildfire activity has rendered especially severe impacts to certain areas of California since October 8, including areas of Napa, Sonoma and Solano Counties. Wildfire activity has also rendered impacts to areas of Orange County east of the Los Angeles Metro area. Rates of extreme fire spread were enabled by especially dry conditions together with offshore gusty winds to burn a total of at least 217,566 acres since October 8. Media reports indicate at least 41 fatalities, making this the deadliest series of fires in California history. At least 5,700 structures have been destroyed and thousands more remain under threat. Containment efforts have made significant progress in the last week, thanks to efforts of at least 10,000 firefighters and reduced winds. Cooler conditions with an increase in moisture are expected this week with a chance for some precipitation over Northern California, according to the U.S. National Weather Service (NWS); this should support containment efforts. It will take some time to fully ascertain the full scope and severity of this event, and our first thoughts and concerns are with those lost and directly affected.

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October 10th, 2017

California Wildfires – October 8-10, 2017

Posted at 5:19 PM ET


Wildfire activity has recently rendered severe impacts to areas of California, including the Napa Valley area as well as areas east of the Los Angeles Metro area. The event is still developing, but media reports indicate more than a thousand structures burned with thousands more still under threat. At least 13 fatalities have been reported. Rates of extreme fire spread have been enabled by especially dry conditions together with offshore gusty winds.

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January 12th, 2017

GC Capital Ideas Top CAT-i Stories: 2016

Posted at 1:00 AM ET

Here is a look back at the top CAT-i stories for the year 2016.

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November 30th, 2016

Sevier County Wildfires

Posted at 3:49 PM ET

sevier_county_wildfires-sm2Wildfire activity has rendered severe impacts to areas of Sevier County, Tennessee including the Gatlinburg and Pigeon Forge areas. The fire activity began late Sunday on Chimney Tops Mountain as a 10 acre fire that grew at an extreme rate Monday evening due to strong, gusty winds. Wind gusts well in excess of 60 mph carried embers a considerable distance to start new fires in extremely dry vegetation from recent drought. Gusty winds also brought trees down onto powerlines sparking new fires in surrounding dry vegetation.

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October 11th, 2016

GC Capital Ideas Top CAT-i Stories for the Third Quarter, 2016

Posted at 1:00 AM ET

Here we review the top five CAT-i stories covering July through September of 2016.

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August 17th, 2016

Bluecut And Clayton Wildfires, California

Posted at 1:52 PM ET

bluecut-wildfire-smThe Bluecut and Clayton fires have caused significant impacts to affected areas and pose an ongoing serious threat to life and property. No serious injuries or deaths have been reported, however, the fires have destroyed multiple structures. Our first thoughts and concerns are with those directly affected by this event.

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