U.S. Wildfire: Mitigation Really Matters
The RMS Blog » California Wildfire
by Michael Young
4y ago
It has been a year since the deadliest and most destructive wildfire in California’s history. The Camp Fire burnt some 153,336 acres, starting at Camp Creek Road, two miles from the small community of Concow, Butte County in Northern California. A fire was reported at 6.33 a.m. local time on Thursday, November 8, 2018, and ..read more
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Cutting Out Wildfire Risk from the California Electricity Grid
The RMS Blog » California Wildfire
by Chris Folkman
5y ago
On January 30, Judge William Alsup, district judge for the Northern District of California presided over a hearing to discuss the inclusion of wildfire prevention in a 2016 Probation Order mandated to Pacific Gas and Electric (PG&E) in the aftermath of the 2010 San Bruno gas explosion that left eight dead. An order to add ..read more
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Northern California: Fire and Water
The RMS Blog » California Wildfire
by Holly Widen
5y ago
From major wildfires just over four months ago, and now major flooding, Northern California seems to leap from one perilous state to another. This time, rainfall from a “potent atmospheric river”, as described by the National Weather Service, caused flooding to over 3,000 properties in Sonoma County. This atmospheric river – a flowing column of ..read more
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The Sum of Its Parts: Wildfire in Multi-Peril Catastrophe Bonds
The RMS Blog » California Wildfire
by Conor Meenan
5y ago
Water, wind, and wildfire. It’s been a devastating three months for the U.S. Total insured losses from Hurricanes Florence and Michael, and the Camp and Woolsey wildfires are estimated by RMS in the range US$18.6 billion to US$28 billion (see table below): September 1 Hurricane Florence $2.8 – $5.0 billion October 8 Hurricane Michael $6.8 ..read more
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Camp and Woolsey Fires: A Historical and Numerical Perspective
The RMS Blog » California Wildfire
by Chris Folkman
5y ago
At the time of writing, the recent Camp and Woolsey Fires in California have burned a combined total of 245,000 acres (93,000 hectares) — an area about the size of Dallas. These fires have destroyed more than 12,000 homes and businesses, and killed 80 civilians. Ordinarily these would be called extreme events. But these are ..read more
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Fires in Paradise: Exposure Growth and Catastrophe Risk in the Wildland-Urban Interface
The RMS Blog » California Wildfire
by Matt Bussmann
5y ago
Like many communities in California with a mild climate, affordable housing, and scenic wilderness, Butte County (pop. ~230,000) has grown significantly over the past four decades. Broadly, this growth is happening all around the county — both in cities (e.g. Chico, the county seat and largest city, pop. ~94,000) as well as in more rural ..read more
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Impact of the California Wildfires: Chris Folkman from RMS on CNN’s Quest Means Business
The RMS Blog » California Wildfire
by Chris Folkman
5y ago
Chris Folkman, senior director of product management at RMS, was interviewed by Paula Newton on CNN’s Quest Means Business program on Monday, November 12, about the impact of the California wildfires. Paula asked Chris about the range of factors that have made these wildfires so intense, and also about the potential causes of the fires ..read more
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The New Reality of North America Wildfire
The RMS Blog » California Wildfire
by Chris Folkman
5y ago
Describing the scale and savagery of the wildfires currently burning in California is difficult to do, but a simple recounting of the statistics is a good starting point. They are thus: At the time of writing, fifteen wildfires are now burning more than 280,000 acres (~113,000 hectares) in California. Collectively, they have laid waste to ..read more
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California Wildfire: Another Record-Breaking Year?
The RMS Blog » California Wildfire
by Michael Young
5y ago
Memories of last year’s Wine Country fires in Northern California and the Thomas Fire in Southern California are top of mind as we look at the unfolding wildfire events across the state, especially the notable Carr Fire to the northwest of the city of Redding in Shasta County, with a population of around 92,000. Initial ..read more
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Southern California: Thomas Fire Loss Estimate and Mudslide Commentary
The RMS Blog » California Wildfire
by Kevin Van Leer
5y ago
Thomas Fire Loss Estimate RMS has produced estimates for the insured loss arising from the Thomas Fire that affected the Southern California counties of Ventura and Santa Barbara in December 2017. The estimate will fall between US$1 billion and US$2.5 billion, and includes loss caused by burn or smoke damage to personal, commercial, and industrial ..read more
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