A.M. BestTV: Fighting Wildfires Now a Year-Round Event, Says Wildfire Chief Executive Officer
OLDWICK, N.J.--(BUSINESS WIRE)--Nov 30, 2018--In this episode of A.M. BestTV, David Torgerson, chief executive officer and founder, Wildfire Defense Systems, said the firm works for a variety of insurers and has seen a steady increase in calls to protect properties in 20 U.S. states. Click on http://www.ambest.com/v.asp?v=privatefire1118 to view the entire program.
Torgerson addressed how wildfires have been on the increase in California.
“When we started in 2008 we would be working robustly for maybe four months and have a shoulder season that extended the season to six months,” said Torgerson. “However, as these years have gone on, and the threat from wildfires has quickly escalated, we presently have situations where we are working year-round.”
Torgerson also spoke about the contribution insurers are providing to educated homeowners and policyholders.
“The insurance industry is in the unique situation of being able to help the homeowner and the policyholder understand their risks and make better decisions. … There is a real opportunity here, and the insurance industry has definitely stepped up to educate those groups,” he said.
Recent episodes of A.M. BestTV include:Insurers Move to Mitigate Possible Loss of Passporting Rights, Says A.M. Best Senior Director: Catherine Thomas, senior director of analytics, A.M. Best, said insurers are preparing for the possibility that the United Kingdom will leave the European Union without securing agreements to protect cross-border insurance relationships: http://www.ambest.com/v.asp?v=brexit1118. Wildfires Likely to Shake Up California’s Homeowners Insurance Market, Say A.M. Best Analysts: Jason Hopper, associate director, and David Blades, senior research analyst, both with A.M. Best, said losses from the ongoing wildfires in California will put pressure on homeowners insurers: http://www.ambest.com/v.asp?v=ambcafires1118. Methodology Revision Led to Changes for 3% of Rated EMEA Insurers, Say A.M. Best Analysts: At the 2018 annual A.M. Best Insurance Market Briefing – Europe in London, Greg Carter, managing director, analytics; Carlos Wong-Fupuy, senior director and Mahesh Mistry, senior director, analytics, discussed the impact of A.M. Best’s 2017 rating methodology update: http://www.ambest.com/v.asp?v=bcrmpanel1118. Latin America Offers Large Potential Market for Microinsurance, Says A.M. Best Senior Managing Director: At the LIMRA-LOMA Latin American Conference, Andrea Keenan, senior managing director, A.M. Best, said while insurers in Latin America don’t focus on microinsurance as much as they do in other regions of the world, a large potential audience still exists there that could benefit from the product: http://www.ambest.com/v.asp?v=keenan1118.
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PUB: 11/30/2018 03:46 PM/DISC: 11/30/2018 03:45 PM