The wildfires affecting Victoria, Australia are causing widespread destruction and loss of life. The fires, caused by a combination of above average temperatures and tinder dry bush and forest, have destroyed in excess of 750 homes and caused over 130 deaths so far.
Google have created a map showing the extent of the fires. It pulls in live data containing the latest up-to-date information about fire locations and their status from the Country Fire Authority (CFA) in real-time.
I wrote previously about the need for a better risk transfer mechanism for wildfires. With fires becoming more deadly and widespread due to increased temperatures and drier landscapes the need would seem to be becoming more urgent all the time.
No loss estimates have been released for these fires at this time. We’ll update you as losses become apparent.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
