KCC warns of potential $30bn CA wildfire losses after model launch
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KCC warns of potential $30bn CA wildfire losses after model launch

Liz Bury
21 September 2021
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Karen Clark & Company (KCC) has warned that insurers could face a loss in excess of $30bn from an extreme fire in California, as the firm introduced its new US wildfire model.

Version 1.0 of KCC’s high-resolution US Wildfire Model can be “used to develop underwriting and pricing strategies that account for the impacts of climate change”, the modelling firm said.

The

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News Claims and losses
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Liz Bury
Editor, Insurance Insider ILS
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