Evaluation from ICEYE, the supplier of satellite tv for pc information and companies to tell decision-making and evaluation, means that greater than 10,900 buildings have seemingly been destroyed by the Palisades and Eaton wildfires in Los Angeles County.
The corporate has launched up to date information on the wildfires impacting California and ICEYE’s satellite tv for pc derived building-level insights intently match among the estimates for property harm seen from official sources thus far.
As we reported in our earlier article today, fireplace officers are stating that the variety of constructions broken and destroyed by the fires burning in Los Angeles suburbs and Southern California is anticipated to be above 12,300.
As a reminder, insured loss estimates are ranging $15 billion to $25 billion, with just a few analysts suggesting the entire may show larger if the fires unfold additional and trigger extra harm.
ICEYE has now analysed its satellite tv for pc information and located 10,900 buildings as seemingly having been destroyed in simply two of the fires which have affected the area in latest days.
ICEYE defined, “The Palisades Hearth has burned greater than 23,000 acres, leaving a devastating affect. Based mostly on 8 information releases, ICEYE recognized greater than 4,500 buildings as seemingly destroyed within the space. Containment efforts thus far have reached simply 13%.
“ICEYE’s evaluation of the Eaton Hearth has lined over 14,000 acres, and our latest information revealed that greater than 6,400 buildings had been seemingly destroyed inside our analyzed perimeter. Containment has progressed to 27%.”
The corporate additionally stated, “We additionally delivered an evaluation of the Hurst Hearth, which has burned over 700 acres and has reached 95% containment.”
You’ll be able to see ICEYE’s evaluation for the Palisades Hearth on this picture:
ICEYE’s evaluation for the Eaton Hearth could be seen on this picture:
Additionally learn:
– Catastrophe bond price movements due to LA wildfire exposure.
– LA wildfire losses to “notably exceed” $10bn, could approach $20bn: Gallagher Re.
– Mercury says LA wildfire losses to exceed reinsurance retention.
– LA fires: “Considerable attachment erosion” likely for some aggregate cat bonds – Steiger, Icosa.
– LA wildfires: Over 10k structures destroyed. Insured losses up to ~$20bn, economic $150bn.
– LA wildfire losses unlikely to significantly affect cat bond market: Twelve Capital.
– LA wildfires unlikely to cause meaningful catastrophe bond impact: Plenum Investments.
– JP Morgan analysts double LA wildfire insurance loss estimate to ~$20bn.
– LA wildfires: Analysts put insured losses in $6bn – $13bn range. Economic loss said $52bn+.
– LA wildfires bring aggregate cat bond attachment erosion into focus: Icosa Investments.
