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Recent Editions
Risk Channel
North America
Insurance companies have lost their bid to hold Southern California Edison (SCE) liable for the 2025 Eaton wildfire without a trial. Superior Court Judge Laura Seigle tentatively denied a request to hold SCE, a unit of Edison International, automatically liable for billions of dollars in property losses from the Los Angeles-area fire. If the judge makes her tentative ruling final, Edison will get a chance to argue to a jury at a trial that the unusual circumstances around the ignition of the fire do not qualify for inverse condemnation. “We are pleased with the tentative ruling,” said SCE spokesperson Kathleen Dunleavy.
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Risk Channel
UK/Europe
Natural disasters caused economic losses of $100bn in the first half of 2026, according to Swiss Re. This figure is significantly lower than the $152bn reported in the same period last year and 10% below the 10-year average. "A less costly first half of the year does not mean the risk has gone away," cautioned Balz Grollimund, the group's director of Catastrophe Perils. "One major hurricane, earthquake, or wildfire can quickly change the picture." Swiss Re said: "Wildfire risk has so far accounted for only a relatively small share of insured losses in Europe. Yet it is the fastest-growing weather peril globally." The report warns that the El Niño climate pattern could increase costs from weather-related disasters later this year.
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