LA blaze damage likely to be largest wildfire insured loss in US history

Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds

by | Jan 10, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...
Europe’s wildfires in 2023 were among the worst this century, report says

Europe’s wildfires in 2023 were among the worst this century, report says

by | Apr 11, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Preliminary data for the first three months of 2024 show almost double the average number of fires, although these did not have major impact in terms of burnt areas According to the report, the wildfires produced some 20 megatonnes of CO2 emissions, equivalent to...