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California lets insurers factor wildfire risks in rates to widen coverage

by AIP Online Bureau | Sep 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

The continued retreat of larger insurance carriers from the California residential property insurance market signals ongoing regulatory constraints, rising cost inflation, and higher catastrophe losses, credit rating agency Fitch said in a note earlier this year...

Maui wildfire is deadliest for US in 105 yrs, with 89 killed

by AIP Online Bureau | Aug 15, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

“This is the largest natural disaster we’ve ever experienced,” Hawaii Governor Josh Green said The death toll makes the wildfire the deadliest since 1918, when 453 people were killed in Minnesota and Wisconsin by the Cloquet & Moose Lake Fires, according to the...

France battles ‘monster’ wildfire near Bordeaux for third day

by AIP Online Bureau | Aug 12, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

France is in the grip of its worst drought on record, with a fourth heatwave of the summer sweeping across the country this week. More than 57,200 hectares have gone up in flames so far in France this year, nearly six times the full-year average for 2006-2021, data...
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