Fortifying Against Increasingly Destructive Wildfire Seasons
2017 was California’s most destructive wildfire season on record as well as the costliest year on record for insurers with $16bn in losses. Weather volatility is driving up temperatures and increasing wildfire risks.
The fires that ravaged Northern California left the area’s renowned wine industry with damage that will be felt long after the final flames burn. The role of winery insurance and risk management will play an increasingly important role as climate disruption becomes the new normal and wine owners look for new ways to mitigate wildfire losses.
The newest report from Allianz Global Corporate & Specialty highlights:
- Weather volatility and other contributing factors to the increase in wildfires
- Impact on agribusiness, wineries and global prosperity
- Preparation tips for the upcoming wildfire season
- Allianz’s response to the 2017 Northern California wildfires