The Private Risk Management Association’s Diane Delaney talks about high net worth insurance and risk management trends.
As part of our expanded coverage of our 2025 Power Broker® Private Client winners and finalists, Risk & Insurance recently spoke to Diane Delaney, the executive director of the Private Risk Management Association. What follows is a transcript of that discussion, edited for length and clarity.
Risk & Insurance: Thanks for meeting with us Diane. I know it’s a painful topic for many, but what impact did the recent wildfires in Pacific Palisades and Altadena have on the private client insurance space?
Diane Delaney: The recent wildfires in Los Angeles are expected to be the largest catastrophic wildfire in history to date. Current reports estimate the economic losses to be close to $28 billion, with many affected homes falling into the private client space.
While it’s too early to predict the precise impact on insurance in California, particularly for private clients, it’s clear that the situation will worsen. Insurance carriers are likely to become even more…
