Heat rises: reinsurers 'hold key' to maintaining North America wildfire insurance
While the direct financial toll of wildfires is significant, the repercussions extend far beyond that,
The Western United States has seen a dramatic rise in wildfires in recent years driven by climate change. With losses mounting, some insurers have ceased offering cover for homeowners in wildfire-prone areas, while others have faced insolvency. And brokers are calling on reinsurers to provide more support to the insurance industry to address the coverage gaps
