Here we review recent GC Capital Ideas posts covering insights on modeling. ... Continue Reading »
Wildfire
Wildfire Risk and Underwriting Strategy
In 2018, California suffered its most costly and deadly fire season to date. The year’s costliest insured loss event was California’s Camp Fire at USD 12 billion — also the most destructive fire in the state’s history. Additionally in 2018, over 100 people perished in wildfires in Greece; British Columbia, Canada, suffered its worst wildfire season in history; in Australia, bush ... Continue Reading »
CAT-i Report: Australia Bushfires – January 8, 2020
Bushfire activity in the last few months has rendered significant impacts to portions of Australia, and especially so in recent weeks with severe impacts reported in New South Wales. The bushfire activity has caused devastating impacts to human life, property, infrastructure, and wildlife. Extreme fire weather conditions across the country together with record heat and drought ... Continue Reading »
Review of Climate Change Risks on GC Capital Ideas
Here we highlight the recent stories that GC Capital Ideas has presented on managing risks associated with climate change. ... Continue Reading »
The Burning Issue: Managing Wildfire Risk
In recent years, countries such as Canada, the United States, Spain, Portugal, Greece and Chile have experienced unusually severe fires, claiming hundreds of lives and causing billions of dollars in damage. Wildfires have also broken out in countries previously unaccustomed to the problem. In 2018, for example, northern European countries experienced between 20 and 200 times ... Continue Reading »
Weather Sentinel: Continued Extreme Fire Weather in California
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 »
Modeling Insights
Here we review recent GC Capital Ideas posts covering insights on modeling. Terror: The Role of Technology and Analytics: Terrorism, political violence and other malicious acts differ from other insurable perils in that they are dynamic and adaptive; there is human intent driving the probability and willing the impacts to change. Historic incidents show past trends, but ... Continue Reading »
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 »
