In a recent study, global specialty (re)insurance group Chaucer has identified significant shifts in North American wildfire risk patterns, particularly in regions previously deemed ‘low-risk.’
The report reveals that areas such as the Appalachians, Southern Rockies, Alberta and British Columbia, and Texas, once considered safe from catastrophic wildfire events, are now raising alarm bells within the insurance industry.
Chaucer’s North American Wildfire Report points to changing severe weather patterns as a primary driver behind the escalating risk.
