Insurers must adjust to ‘new normal’ of high wildfire losses: AM Best

09 August 2018

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Ratings agency AM Best has said that housing development and drier conditions in more rural parts of California have created a “new normal” higher level of fire risk in the state.

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Insurers must adjust to ‘new normal’ of high wildfire losses: AM Best

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Insurers must adjust to ‘new normal’ of high wildfire losses: AM Best

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Fuel a smarter strategy with our actionable market intelligence

Topics

Lloyds forecasts LA wildfires loss of $2.3bn

CEA risk transfer stood at $7.4bn as of 1 January

Ex-Tropical Cyclone Alfred insurance catastrophe for Queensland: ICA

Perils pegs Éowyn losses at EUR619mn in first estimate

Placed cat bonds price 8% below initial guidance midpoint