Wildfire – InsuranceAsia News https://insuranceasianews.com/industry_segments/wildfire/ Thu, 11 Dec 2025 09:43:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Perth bushfires put lives and homes under threat, as Moody’s warns of a complex situation https://insuranceasianews.com/perth-bushfires-put-lives-and-homes-under-threat-as-moodys-warns-of-a-complex-situation/ Thu, 11 Dec 2025 09:13:51 +0000 https://insuranceasianews.com/?p=206631 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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Two fast-moving bushfires have reached emergency warning level across the southeast and northeast of Perth in Australia's Western Australia, with lives and homes under threat, according to reports.
Re...

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]]> ‘Foreboding’ start to Australia’s bushfire season with 20 homes destroyed in NSW https://insuranceasianews.com/foreboding-start-to-australias-bushfire-season-with-20-homes-destroyed-in-nsw/ Mon, 08 Dec 2025 03:11:27 +0000 https://insuranceasianews.com/?p=206295 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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New South Wales premier Chris Minns said it was “quite a foreboding beginning to the bushfire season” after at least 20 homes were destroyed in fires over the weekend.
Prime Minister Anthony Albanese ...

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]]> Australia prepares for ‘hotter-than-normal summer’: BOM https://insuranceasianews.com/australia-prepares-for-hotter-than-normal-summer-bom/ Sun, 19 Oct 2025 21:00:51 +0000 https://insuranceasianews.com/?p=202291 The Bureau of Meteorology also warned of increased risk of bushfires and increasing risk of powerful storms.

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Australia is likely to face a hotter-than-normal summer, while November rainfall is likely to be above average for much of northern and eastern Australia, according to the Bureau of Meteorology's (BOM...

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]]> Japan, Korea wildfires mark turning point in regional climate risk understanding: Willis https://insuranceasianews.com/japan-korea-wildfires-mark-turning-point-in-regional-climate-risk-understanding-willis/ Tue, 29 Jul 2025 06:22:26 +0000 https://insuranceasianews.com/?p=196268 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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 “The wildfire outbreaks in Japan and South Korea this year mark a turning point for how we understand climate risk in Southeast and East Asia,” according to Christopher Au, head of APAC climate risk ...

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]]> South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires https://insuranceasianews.com/south-korea-allocates-record-us1-38bn-for-yeongnam-forest-fires/ Tue, 06 May 2025 07:27:35 +0000 https://insuranceasianews.com/?p=189844 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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South Korea’s Central Disaster and Safety Countermeasures Headquarters (CDSCH) has approved a record recovery budget of KRW1.9 trillion (US$1.38 billion) to restore damage from recent forest fires in ...

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]]> Myanmar, China earthquakes push Q1 global insured losses to second-highest on record: Aon https://insuranceasianews.com/myanmar-china-earthquakes-push-q1-global-insured-losses-to-second-highest-on-record-aon/ Fri, 25 Apr 2025 06:48:46 +0000 https://insuranceasianews.com/?p=181912 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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Deadly earthquakes in Myanmar and China contributed to expected global insured losses of at least US$53 billion in Q1 2025, according to Aon, with the total the second-highest on record.
The losses re...

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]]> South Korea to expand insurance coverage for uninsured crops following wildfires: report https://insuranceasianews.com/south-korea-to-expand-insurance-coverage-for-uninsured-crops-following-wildfires-report/ Mon, 21 Apr 2025 09:56:01 +0000 https://insuranceasianews.com/?p=181513 Government plan to introduce US-style disaster guarantee system for small farmers and forest crops.

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The South Korean government has begun expanding support for crops that do not receive insurance amid frequent agricultural disasters caused by climate change, according to a report from the Maeil Busi...

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]]> Insurance claims from South Korea wildfires near 5,000, mostly for crops: report https://insuranceasianews.com/insurance-claims-from-wildfires-in-south-korea-near-5000-mostly-for-crops-report/ Sun, 13 Apr 2025 22:30:27 +0000 https://insuranceasianews.com/?p=181026 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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The number of insurance claims following the major wildfires in South Korea's Uiseong and Sancheong counties are approaching 5,000, local media Chosun Biz reported.
According to Lee Jeong-moon, a memb...

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]]> South Korea wildfire claims to ‘pour in’, Japan to see minimum insured losses https://insuranceasianews.com/south-korea-wildfire-claims-to-pour-in-japan-to-see-minimum-insured-losses/ Mon, 31 Mar 2025 23:30:34 +0000 https://insuranceasianews.com/?p=179924 Some 48,000 hectares were burned in South Korea, with just over 1,000 hectares impacted in two Japanese prefectures.

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With reports emerging about the cause of one of multiple wildfires in South Korea that killed 30 people and damaged over 5,000 structures after burning across some 48,000 hectares (118,000 acres) in a...

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]]> ‘Damages snowballing’ as Korea’s worst-ever wildfire rages on https://insuranceasianews.com/damages-snowballing-as-koreas-worst-ever-wildfire-rages-on/ Thu, 27 Mar 2025 10:01:50 +0000 https://insuranceasianews.com/?p=179781 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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South Korea’s southeastern Gyeongsang province is battling the country’s worst-ever wildfires, which has so far burned through more than 36,000 hectares (89,000 acres) and impacted multiple cities and...

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