2015 Insured Losses From U.S. Wildfires May Reach $1.75B

Guy Carpenter & Company, LLC, a global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies, has said that preliminary data indicates that 2015 insured losses from wildfires in the United States “may approach or exceed US$1.75 billion.” On Monday, Guy Carpenter released a new briefing, titled U.S. Wildfire: An Ever Present Hazard, which assesses the wildfire risk in the U.S. The briefing also provides insight into the ongoing threat of wildfires, as well as risk mitigation strategies and portfolio modeling for the peril.