Wildfire liability from a US perspective

Last year, we produced a report on wildfires that considered the cause and effects from a predominantly UK perspective. In the UK, wildfires are an emerging risk – a risk that, as yet, has limited data to evaluate, but is likely to increase in frequency and financial burden in the not–too-distant future.

In comparison, for many years in the US, wildfires have been a constant presence on the risk landscape. This has resulted in extensive knowledge and understanding about the risk itself, including the areas of impact and how best to mitigate the potential exposure.

As our previous report covered the various sources and factors contributing to the escalation of this risk in the UK, we now focus on the effect and consequences of this risk in the US.

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Related item: Insights Report: Wildfires

Read other items in the London Market Brief: January 2018