Years before the January 2025 Palisades and Eaton fires sparked in high-wind conditions in Southern California, growing to rank among the top three most destructive in U.S. history, InsurTechs focused on insurance coverage issues for wildfire-prone regions.

Executives of three—Delos Insurance Solutions, Kettle and Faura—shared their perspectives on the peril overall and discussed how the latest fires could affect insurance moving forward during interviews that took place before the fires were contained.

Read some of the insights they shared below.

(Click on the photo boxes to access the full interviews)

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Delos Insurance Solutions Tackles a Nonstandard Peril: Wildfire
I think the biggest difficulty is that it's covered under home insurance and standard commercial property. And therefore, carriers have been saying, 'Hey, I've been writing home insurance [for] 100 years. I should be able to do this.' Kevin Stein Delos Insurance Solutions
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Parametric Insurance Meets the Wildfire Peril: InsurTech Kettle Responds
I think that there's an instinctual reaction to run away from the fire and just say there's no way to insure this peril, or the state of California is uninsurable as a whole. But our view is that, actually, with enough data and enough technology and enough focus on wildfire that you can discern the areas of the state that are more exposed and more vulnerable. Brian Espie Kettle
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Structure Data Boosts Understanding of Wildfire Risk: Faura CEO
Models that have long accounted for aggregated climate risk have been important and beneficial for the insurance industry. "Now, we need to take another step forward—which is not a very hard step, in all reality—but it is a different way of thinking…Now, we need to understand whether our assets are actually going to still be standing. Valkyrie Holmes Faura