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WILDFIRE RISK

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INSURING AGAINST WILDFIRE

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Milliman Climate Resilience Initiative

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Our latest wildfire insurance insight

White paper

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.

White paper

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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Webinar

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.

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Podcast

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.

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Article

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.

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Article

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.

Podcast

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. 

White paper

Understanding the new California wildfire rating requirements

Best practices for complying with Regulation 2644.9 and the impact on insurers

White paper

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...

Webinar

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?

Video

Helping Paradise, California, rebuild

Video

Fighting fire with data


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