Karen Clark & Company (KCC) has estimated that the insured loss (from privately insured and FAIR plan policies) to residential, commercial, and industrial properties, and
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At $35 billion, roughly the mid-point of insurance industry loss estimates from the devastating Los Angeles wildfires, Fitch Ratings estimates that 30% of the aggregate
Risk is an unavoidable part of life and business. Yet, despite potential bad outcomes, we invite risk and the possibility of reward into our every
Verisk’s Extreme Event Solutions division has estimated that insured losses to property from both the Palisades and Eaton Fires in Los Angeles, California, will land
According to Aon, global insurance losses in 2024 were 54% higher than the 21st-century average, covering $145 billion of the $368 billion in natural disaster
Executives at Munich Re, one of the world’s largest reinsurance companies, confirmed recently that although the Los Angeles wildfires will be a major loss for
Analysts at Evercore ISI have increased their insured loss base case for the ongoing wildfires in Los Angeles to a range of $25 billion to
With the annual average loss from natural catastrophes between 2017 and 2024 costing insurers $146 billion, Gallagher Re has suggested the ‘new normal’ for annual
The wildfires still burning in parts of the Palisades and Eaton areas of Los Angeles, California, have now damaged or destroyed more than 17,000 structures,
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