Thousands of firefighters were battling California forest firestoday in an environment catastrophe experts said has the potentialto equal the record blazes that hit the state in 2003.
“All the conditions are conducive. Thousands of properties areat risk,” said Neena Saith, a catastrophe response analyst withRisk Management Solutions, a catastrophe modeling firm.
However, Ms. Saith said it was too early to tell whether therewould be a repeat of four years ago–when insured loss hit $1.1billion after 4,847 structures were burned by the worst fires everto hit the state–but a number of dangerous factors are at play.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
