LA wildfires fuel captive interest despite limited direct impact  

• Property coverage in California becoming harder to obtain 
• Group captives could offer solution with risk diversification 
• Captives well placed to collate data as cat models outdated

While the majority of captive owners were not directly impacted by the Los Angeles wildfires, the fallout from the blaze is leading to more companies exploring the possibility of utilising their captives to write weather-related property risks. 

The Palisades and Eaton fires in Los Angeles in early January collectively burned more than 37,000 acres and destroyed over 16,000 structures.