17 October 2017Insurance

California wildfire destroys 5,700 structures

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.

Almost 75,000 people remained evacuated as of Oct. 15 morning. Although winds have died down temporarily and light rain is forecast for the region later this week, the situation remains extremely volatile, according to the statement. Fire officials have warned that even suppressed wildfires can behave erratically, projecting embers some distance to ignite new blazes; fire continues to threaten the outskirts of Sonoma.

Light winds across Northern California enabled Red Flag Warnings for the area to be lifted at 8 a.m. on Sunday, Oct. 16, but in Southern California the warnings remained in force because of gusty winds. Mandatory evacuation orders have been lifted in some areas, including the cities of Napa and Calistoga.

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More on this story

Insurance
13 October 2017   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.
Insurance
17 October 2017   The wildfires still raging in California will be among the costliest wildfires on record for US P&C insurers and could cost the industry up to $6 billion, according to early industry estimates.
Insurance
18 October 2017   Insured losses from the Californian wildfires will be close to $4.6 billion and growing as the fires continue, Moody’s said in an Oct. 16 sector comment.