Diminished winds on Tuesday allowed for increased containment and limited growth of many fires currently burning in California including the Getty Fire in Los Angeles and the Kincade Fire in Sonoma County. Fire weather conditions are expected to worsen starting Wednesday morning as a near record strength Santa Ana wind event is expected to impact southern California through ... Continue Reading »
natural catatastrophe
Weather Sentinel: Extremely Critical Wildfire Weather
Overnight, firefighters took advantage of a break in Santa Ana wind conditions to enhance containment of the Kincade Fire in Northern California, and the Getty Fire in Southern California. Collectively, nearly 135 structures have been lost, while many thousands remain threatened and evacuated. Offshore flow is forecast to strengthen during the mid-day in the Bay Area and ... Continue Reading »
Weather Sentinel: Ongoing California Wildfire Activity
Ongoing dry and windy conditions across California have hampered containment and suppression efforts of already burning fires and have allowed for rapid growth of newly ignited fires. The Kincade Fire in Sonoma County grew significantly over the weekend due to increased winds, forcing large-scale evacuations. The newly ignited Getty Fire in Los Angeles has forced evacuation ... Continue Reading »
Weather Sentinel: Wildfire Activity in California
Several fires ignited yesterday across the state of California, and grew quickly under extreme fire weather conditions. As of Friday morning, 49 structures have been destroyed in the Kincade Fire, burning in Northern California near Geyserville, while the Tick Fire in Southern California has jumped Hwy 14 and is threatening communities near Santa Clarita. Fire weather c ... Continue Reading »
Regional Risks for Doing Business
With heightened economic uncertainty and increasingly decentralized threats, regional understanding of risks – and the opportunity for cooperation – is critical. Results from the World Economic Forum’s 2019 Executive Opinion Survey suggest that the threat of a major economic slowdown is high on the minds of business leaders worldwide, with growing apprehension about a wide ra ... Continue Reading »
Weather Sentinel: Hurricane Dorian – Category 5 – Landfall in Bahamas, Impacts to US Still Uncertain
Hurricane Dorian strengthened to a category-5 hurricane overnight and is moving over Abaco Island on a slow path west toward the United States. The Northern Bahamas Islands are experiencing a storm surge of 15 to 20 feet above tide level in areas of onshore winds, coupled with destructive waves, rainfall in excess of 20 inches, and hurricane force winds. Much uncertainty ... Continue Reading »
Guy Carpenter Selected by CEA on Wildfire Fund Reinsurance and Risk Transfer Program
Guy Carpenter & Company today announced its appointment as the sole reinsurance intermediary for the newly formed California Wildfire Fund, which is currently being administered by the California Earthquake Authority (CEA). Guy Carpenter will provide strategic reinsurance and advisory services to develop a risk transfer and reinsurance strategy for the California ... Continue Reading »
A Risk Overview of Wildfire
Today, the frequency and severity of wildfires are garnering greater attention-not only from the media, but also from (re)insurers, catastrophe modelers, mitigation experts and other invested parties. As the industry searches for better understanding of this dynamic risk, Guy Carpenter’s GC Wildfire Diagnostic (SM) helps carriers differentiate and drive profitable growth u ... Continue Reading »
Barry Decays, Yet Remains Major Inland Flood Threat
After Barry's brief time as a hurricane on Saturday during landfall on the central Louisiana coast, the hurricane weakened rapidly on Sunday but still remains a formidable inland flood threat. The combination of slow movement and continued flow off the Gulf of Mexico is resulting in widespread inland flooding across Louisiana, Arkansas, Mississippi, western Tennessee and ... Continue Reading »
Barry Upgraded to Hurricane Status While Moving Ashore
According to advisories of the National Hurricane Center (NHC), Tropical Storm Barry was upgraded to hurricane status while moving ashore about 40 miles south of Slidell, Louisiana at 11AM EDT Saturday. The storm has since been downgraded by the NHC to tropical storm status as it continues to move inland. Impacts due to flooding and wind have already been reported in affected ... Continue Reading »
