Post-wildfire Drinking Water Crisis: Implications and Opportunities for the Insurance Industry

March 2024

Author

Jianxi Su, PhD, FSA
Andrew Whelton, PhD

Description

The purpose of this report is to provide the actuarial community with education about wildfire-caused contaminated plumbing and recovery associated phenomena, health, and financial impacts. From a practical perspective, this work can help raise awareness of this national emerging issue within the insurance industry and prepare the industry for confronting this issue. From an academic perspective, this report can serve as an important stepping-stone for promoting future in-depth investigation in related domains conducted by actuaries, advancing the actuarial community toward the research frontier of this national emerging issue.

Report

Post-wildfire Drinking Water Crisis

Acknowledgments

Deepest gratitude is extended to several individuals and organizations without whose efforts this project could not have come to fruition. The authors thank the Project Oversight Group for their diligent work overseeing, reviewing, and editing this report for accuracy and relevance.

Project Oversight Group members:

Andre Chen, ASA
Derek Jun, CFA, FRM
Andrea T. Sellars, FSA, MAAA
Chelsea Shudtz, FSA
Tina Yang, FSA, MAAA, CERA, MBA

At the Society of Actuaries Research Institute:

Rob Montgomery, ASA, MAAA, FLMI

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