Subject: Wildfire Page 1 / 2
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- January 26 2026
Victoria bushfires won’t shift market, Howden says, with losses set to be less than ‘Black Summer’
Broker tells InsuranceAsia News reinsurance recoveries under cat XoL programs ‘unlikely to be material’.
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- January 16 2026
Victoria bushfires declared by ‘insurance catastrophe’ as claims top 2,300
Aon says expected economic losses are still pending proper assessment, but 'will reach' the hundreds of millions of US dollars.
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- January 15 2026
Victoria bushfires destory 228 homes, 700 structures after burning area five times the size of Singapore
Insurers have received 2,201 insurance claims from the fires, which have been raging since last week, mostly in Victoria, but also in New South Wales.
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- January 13 2026
Victoria bushfire claims top 1,300, more than 500 structures damaged
Insurance Council of Australia says 30% of property claims are total losses for the fires that have been raging since last week.
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- January 12 2026
Victoria bushfires losses rise with 350 buildings destroyed, 15,000 livestock lost
Fires have been raging since last week, mostly in Victoria, but also in New South Wales.
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- January 11 2026
ICA declares ‘significant event’ for Victoria bushfires
Blazes have torn through more than 300,000 hectares of bushland, destroying more than 130 properties, including homes, and leaving thousands without power.
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- January 8 2026
Australia braced for ‘catastrophic’ fire dangers, temperatures could hit 47 degrees Celsius
Total fire ban in place across the entire state of Victoria, most of South Australia, and four districts of New South Wales on Friday.
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- December 11 2025
Perth bushfires put lives and homes under threat, as Moody’s warns of a complex situation
Cat modeller says recent bushfires in New South Wales highlights the complexity of managing bushfires risk in Australia and the risk of secondary ignitions.
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- December 8 2025
‘Foreboding’ start to Australia’s bushfire season with 20 homes destroyed in NSW
A firefighter died on Sunday evening after being struck by a tree while working on a bushfire at Bulahdelah on the state’s mid-north coast.
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- October 20 2025
Australia prepares for ‘hotter-than-normal summer’: BOM
The Bureau of Meteorology also warned of increased risk of bushfires and increasing risk of powerful storms.
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- July 29 2025
Japan, Korea wildfires mark turning point in regional climate risk understanding: Willis
Insured losses from nat cats 'will very likely' exceed US$100bn again this year, the broker said in a half-year report.
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- May 6 2025
South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires
Total damage has been estimated at KRW1.818 trillion (US$1.32 billion), marking the most severe forest fire incident since records began.
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- April 25 2025
Myanmar, China earthquakes push Q1 global insured losses to second-highest on record: Aon
Losses resulted primarily from the California wildfires, with the total significantly higher than the 21st-century Q1 average of US$17bn.
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- April 21 2025
South Korea to expand insurance coverage for uninsured crops following wildfires: report
Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.
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- April 14 2025
Insurance claims from South Korea wildfires near 5,000, mostly for crops: report
Insurers have paid out at least US$131,800, while assessing damage for crop-related claims is expected to take time.
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- April 1 2025
South Korea wildfire claims to ‘pour in’, Japan to see minimum insured losses
Some 48,000 hectares were burned in South Korea, with just over 1,000 hectares impacted in two Japanese prefectures.
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- March 27 2025
‘Damages snowballing’ as Korea’s worst-ever wildfire rages on
The fire in the country's southeastern Gyeongsang province has burned through more than 36,000 hectares as death toll rose to 27, destroyed hundreds of structures and affected multiple cities and towns.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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- February 6 2025
California fires losses to exceed Hannover Re’s Q1 large-loss budget
The reinsurer estimates a US$500-700m hit from the event and an industry loss of US$30-40bn.
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- October 8 2024
Australia to experience more severe cyclones this season on warmer seas
The Bureau of Meteorology also warned of severe thunderstorms, flooding and heatwaves until next April.
