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 »
wildfires
Weather Sentinel: Significant Wildfire Potential Outlook; August 2019
Moving into the late summer, weather patterns are favoring seasonal dryness in the western United States, where moderate to severe drought is persisting in the Pacific Northwest, and fuels are drying out and becoming receptive to fire. While fire activity has been slightly below average to date in 2019, the outlook is for normal to above normal wildland fire potential in the ... Continue Reading »
As Wildfires Get Costlier and Deadlier, Insurers and Utilities Pay the Price
Rob Bailey, Director of Climate Resilience at Marsh & McLennan Insights Contact The wildfires of 2017 and 2018 have led some to ask whether we have entered a fiery new normal. But the “new normal” framing — the idea that we have reached a new equilibrium — is misleading. Climate change and growing numbers of people and assets in fire prone areas mean there is little ch ... Continue Reading »
