Jonathan Clark, Head of Public Sector Specialty, U.S. Contact 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 »
Fires
Carr Fire – Redding, California
In 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 ... Continue Reading »
GC Capital Ideas: CAT-I Stories: Fourth Quarter, 2017
Here is a look back at the CAT-i stories covering October through December of 2017. ... Continue Reading »
California Wildfires – October 8-17, 2017 – Update
Wildfire 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 ... Continue Reading »
California Wildfires – October 8-10, 2017
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 ... Continue Reading »
Public Sector Risk Financing Perspectives – Sharing Visual Intelligence for Disaster Response: Part II
Dr. Beverley Adams, Head of CAT Planning and Response Contact National disaster response plans of governments rarely include references to insurance or make provisions for visual intelligence as part of the operational response toolkit. Recent events reaffirm the value of visual intelligence - particularly when access to sites is restricted - and suggest that a more ... Continue Reading »
GC Capital Ideas Top CAT-i Stories: 2016
Here is a look back at the top CAT-i stories for the year 2016. ... Continue Reading »
Sevier County Wildfires
Wildfire 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 ... Continue Reading »
GC Capital Ideas Top CAT-i Stories for the Third Quarter, 2016
Here we review the top five CAT-i stories covering July through September of 2016. ... Continue Reading »
Bluecut And Clayton Wildfires, California
The 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. ... Continue Reading »
