by AIP Online Bureau | Jan 7, 2026 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Risk Management
“Nearly every Australian capital city has a dangerous mix of preconditions for a catastrophic fire like LA — the possibility of extreme dry periods, severe winds, steep slopes, bushland near homes and a history of destructive fires,” said Greg Mullins, a former New...
by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
`We have a small exposure for LA wildfires. It’s not major. Currently, we have provided about $25 million in our provisions. I tend to believe that this will come down, because these are very initial figures. We’ve still not received too many intimations...
by AIP Online Bureau | Feb 11, 2025 | Articles, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Risk Management
Wildfire exposures can be mitigated by relatively simple and cost-effective measures that fall under the responsibility of local governments and communities and include disaster planning, forest management, maintenance of key / vulnerable infrastructure, building...
by AIP Online Bureau | Jan 24, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The impact of the fires on European reinsurers’ natural catastrophe budgets will clearly be significant, but the implications for their earnings and capital are not likely to be material. Paris/London: The recent Los Angeles wildfires may use up over 30% of the...
by AIP Online Bureau | Jan 14, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Estimating insured losses is difficult given that fires are not fully contained. Nonetheless, significantly wide estimates for insured losses range between $10 billion and $30 billion, and economic losses between $150 billion to $275 billion, says Fitch The Los...
