LA wildfires destroy over 10k structures, insured loss seen at ~$20bn

Share!

Reinsurance News - Jan 10, 2025

The Los Angeles County wildfires are still burning and have now destroyed more than 10,000 structures, according to the Cal Fire authority, with insurance industry loss estimates still ranging from $10 billion to $20 billion, or higher if the fires continue to spread. Five fires continue to burn acr...

Read Full Article

Recommended Articles

AXA XL appoints Katherine Gerber as Head of Energy Transition in the Americas

Posted: Jan 10, 2025

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has a...

California wildfire unpredictability may drive insurers to reconsider risk appetite: AM Best

Posted: Jan 10, 2025

The longer-term impact on California’s insurance market from the Los Angeles County wildfires...

Xceedance appoints Brandon Nuttall as Chief Digital & AI Officer

Posted: Jan 10, 2025

Xceedance, a global provider of technology and digital solutions, has announced the appointment of B...