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Milliman Climate Resilience Initiative
Learn moreOur latest wildfire insurance insight
Industry insured losses for Los Angeles wildfires
We estimate insurance industry losses following the Palisades and Eaton fires, insurance coverage and regulatory considerations, and the impact of extreme climate events on the insurance industry.
California homeowners insurance: Current state and implications of the LA wildfires
We discuss nine takeaways regarding the current state of the California homeowners insurance market and implications of the Los Angeles wildfires.
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The WUI Data Commons: Driving wildfire resilience through data transparency
Experts from the insurance, fire service, catastrophe modeling and actuarial professions have come together to propose a solution: the WUI Data Commons.
Unmasking wildfire risk: Navigating insurance challenges and community solution
On the podcast “All Things Wildfire,” Milliman principal Nancy Watkins sheds light on the complex aspects of safeguarding properties and offers actionable insights.
Rebuilding the California property market: Reinsurance costs and recent reforms
With homeowner policy payouts rising in California due to wildfires and other disasters, we review the impacts of the state's prohibition against including reinsurance costs in rate filings.
A community-based solution: How actuaries and fire chiefs can tackle WUI risk together
Nancy Watkins spoke with two fire chiefs to explore how actuaries and insurers can work with fire professionals to drive down wildfire risk in the WUI.
How extreme heat affects insurance—and how the industry can respond
As a record-hot summer finally cools off, Milliman leaders discuss the implications of extreme heat on all types of insurers around the world.
Understanding the new California wildfire rating requirements
Best practices for complying with Regulation 2644.9 and the impact on insurers
Wildfire catastrophe models and their use in California for ratemaking
Catastrophe models are typically used to develop insurance rates for low-frequency, high-severity catastrophic events...
Addressing climate impacts on the U.S. insurance market: A cross-sector conversation
Amid news of large insurers leaving homeowners’ markets across the country, what must be done to address both the long-term climate crisis—and the immediate impact on consumers, businesses, and financial markets?