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 »
Fires
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 »
GC Capital Ideas CAT-i Stories For First Half, 2016
Here are the most recent CAT-i stories covering January through June of 2016. ... Continue Reading »
Update: Fort McMurray Wildfires – Canada
Recent rainfall and cooler temperatures have helped to reduce spread of the wildfire that recently rendered devastating impacts to Fort McMurray, Alberta, Canada. Nevertheless, the fire continues to grow outside the city and has now claimed 2,020 square kilometers (790 square miles), according to media reports. A general trend of cooler temperatures is expected through this ... Continue Reading »
Fort McMurray Wildfires – Canada
Fort McMurray, Alberta, Canada has suffered widespread and severe impacts as a result of wildfire activity. Media reports indicate that over 80,000 people have been evacuated. No serious injuries or deaths have been reported, however, the fire has destroyed homes in several neighborhoods. Our first thoughts and concerns are with those directly affected by this event. ... Continue Reading »
Guy Carpenter Examines U.S. Wildfire Risk
Guy Carpenter today released a new briefing that assesses wildfire risk in the United States. The briefing, U.S. Wildfire: An Ever Present Hazard, provides insight into the ongoing threat of wildfires in the U.S. as well as risk mitigation strategies and portfolio modeling for this peril. ... Continue Reading »
Valley and Butte Wildfires – United States
In Central and Northern California, two wildfires have consumed over 133,000 acres and destroyed at least 750 homes and ten businesses in a matter of days. The fires have altogether displaced at least 23,000, according to media sources, and a state of emergency has been declared for affected areas by Governor Jerry Brown. Nearly 6,400 firefighters have been mobilized to combat ... Continue Reading »
