Vendor models were seriously underestimating California wildfire risk
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Vendor models were seriously underestimating California wildfire risk

Climate change and other loss impacts were not adequately incorporated, sources said.

By Jai Singh
March 03, 2025
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California Wildfire Homeowners Catastrophe.jpg

Vendor models significantly underbaked the chances of a ~$40bn California wildfire, with components of the risk, including some climate change impacts, not adequately reflected in modelled outcomes, sources have told Insurance Insider ILS.

While

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Topics

Analysis Catastrophe losses California Wildfire North America Property treaty ILS managers Reinsurance Property
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