The P&C industry, facing what could be the largest wildfire in California’s history, was scrambling this week to gather intelligence around the size of the insured loss, with typical early-take source estimates ranging from $10bn to $20bn.
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California wildfires: What we know so far with the fires still blazing
Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.