13 October 2017Insurance

Evacuation orders expand in California wildfires: AIR

Evacuation orders in California have widened with residents of Calistoga and Geyserville now under mandatory evacuation orders as multiple wildfires exacerbated by hot, dry, and windy conditions have spread across eight counties of California, according to an Oct. 12 report by catastrophe modelling firm AIR Worldwide.

The wildfires are consuming more than 170,000 acres and destroying more than 3,500 structures. Altogether, 22 fires are currently active. Two of these blazes have reportedly been contained. The California governor has declared an emergency in 9 counties, including Napa, Sonoma and Yuba. Officials have estimated that 50,000 people have evacuated from their homes.

Despite a wet winter, California continues to be impacted by five years of drought conditions. The Northern California Diablo winds—usually spawned as high pressure builds over the West and air flows toward areas of lower pressure along the coast—fanned flames on the ridge tops with gusts as high as 70 mph.

With the fires still far from under control, it is too soon to have an accurate picture of the destruction, but it is clear that there has been a significant loss of property.

The most extensive loss to property appears to have occurred in Santa Rosa. Two hotels and a motel were engulfed by the Tubbs Fire, which also destroyed most of the single-family homes in the neighbourhood called Coffey Park and dozens of mobile homes in Journey’s End Mobile Home Park.

AIR estimates that the average rebuild cost of single-family homes within the perimeter of the Tubbs Fire is about $450,000.

Several wineries have also been impacted. While there will likely be significant damage to plant materials and trellises, the vineyards will also experience other losses related to equipment, irrigation, and waste water treatment systems. It can take up to five years to restore soils to the point where scorched vines can again produce grapes suitable for winemaking. California is the fourth largest wine-producing region in the world with more than 1,200 wineries.

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Everest Re faces $1.2bn in Q3 nat cat losses

Argo hires Hartford marine head to lead new US property unit

XL Group $1.5bn Q3 nat cat loss alleviates capital concerns: Morgan Stanley

Q3 cat losses to lead to price rises for London Market insurers

DARAG appoints Italian CEO to expand core market

AXIS estimates Q3 nat cat hit at $0.6bn

XL parent XLIT outlook downgraded by S&P

Trump healthcare executive order effect on insurers limited

Arch Capital expects up to $345m nat cat hit in Q3

County Hall places reinsurance through Lloyd’s

Tokio Marine estimates NA nat cat losses at $0.6bn

US flood programme NFIP’s $16bn support no alternative to comprehensive reform

Oak Underwriting includes cyber in high-net-worth insurance

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
11 October 2017   A total of 172,117 homes with a combined reconstruction cost value (RCV) of more than $65 billion are at some level of risk from the wildfires in the Napa and Santa Rosa metropolitan areas, according to data provider CoreLogic’s hazard risk analysis.
Insurance
17 October 2017   The 15 large wildfires active across California have so far resulted in a death toll of more than 40 while burning more than 217,000 acres and destroying an estimated 5,700 structures, catastrophe modelling firm AIR Worldwide said on Oct. 16.