Wildfire
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If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago. -
France’s Gironde region struck by serious wildfire outbreak
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The parties will develop climate-conditioned wildfire event catalogs to support cat modelling.
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The McKinney and Oak fires are 0% and 67% contained, respectively.
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Initial loss estimates from convective storms and flash flooding place the economic impact in the hundreds of millions, although Aon warned losses may rise further.
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A further 3,271 structures, including both homes and businesses, are under threat from the wildfire.
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Bosnia & Herzegovina saw a 246% increase in the amount of land burnt in the past year.
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Fires in Portugal, Spain, France, Greece and Croatia have caused widespread crop damage.
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Storms from 16-23 June added to a “very active” quarter for the peril.
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Investors, fund managers and service providers are adapting in the face of potential large losses from secondary perils.
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The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.
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Severe convective storms in the US caused hundreds of millions of losses, while a small number of expensive homes in California were hit by a wildfire
