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U.S. wildfire insured losses could exceed $1.75bn: Guy Carpenter

Global reinsurance broker Guy Carpenter has estimated that, based on preliminary data, insurance industry losses from U.S. wildfire activity in 2015 are likely to reach and may even exceed $1.75 billion."Wildfire is a significant peril impacting insurers in the United States each year. Preliminary data indicates that 2015 insured losses read the full article →

California wildfire insured losses hit $1.15bn and rising: Aon

Insurance industry losses from wildfires in California have hit $1.15 billion in September, with economic losses above $2 billion, and the figure will rise as the season peaks, according to analysis from reinsurance broker Aon Benfield's Impact Forecasting unit.The peak of the California and western U.S. states wildfire season is read the full article →

Heatwave in Russia could spark insurance and risk transfer interest

This summers extreme heatwave in Russia which resulted in widespread fires and a serious drought across much of the country has caused considerable losses for individuals and the public/private sectors. Drought destroyed 17% of the available crop area in Russia and the fires spread over 200,000 hectares causing widespread damage read the full article →