The word from Verisk, as they try to estimate what the insured losses bill is going to be from the Los Angeles area wildfires. The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading […]
Thoughts from the Editor’s keyboard; There’s a perfect storm of risks in California and a fundamental societal reset is required before property owners in California can insure their homes against wildfires. Even the super rich […]
Some initial thoughts from DBRS Morningstar on the L.A area wildfires and the potential insured losses; Wildfires currently burning in the Pacific Palisades, Eaton, Hurst and other Los Angeles neighborhoods will cause significant losses for […]
The statement from Commissioner Lara after the devastating wildfires seen in California; Insurance Commissioner Ricardo Lara announced an impending action to protect communities affected by the wildfires in Los Angeles County following Governor Newsom’s emergency […]
Can we predict wildfires in terms of severity, direction and intensity? Maybe. What we do know, or can qualify using data, is the asset value of property in the path of a blaze. That, plus […]
Zesty.ai, the leader in property analytics powered by Artificial Intelligence (AI), and The Berkshire Hathaway Homestate Companies (BHHC) recently announced that they have expanded their partnership. BHHC is extending the use of Zesty.ai’s AI-powered wildfire risk […]
Straight up catastrophe claims fact-checking from the Editor’s keyboard; A series of winter storms in Europe, unprecedented flooding in Australia and South Africa as well as a high number of thunderstorms in the US and […]
Recently RMS announced the release of the RMS U.S. Wildfire High Definition (HD) Model, which they claim is the only model solution available to equip the industry with the latest data and science, to enable accurate […]
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