-
This will be the most expensive fire in the state’s history, it said. -
Kusche and Rosenberg will co-lead the firm’s global ILS business.
-
Sources say the Fair Plan is under-reserved, leading to the possibility of member assessment.
-
CEO Cerio highlighted changes that allowed the insurer of last resort to combine commercial, coastal and personal lines.
-
As fires still rage, many fear early $10bn-$20bn estimates were too optimistic.
-
Amin Touahri spent five years in a variety of roles at Munich Re.
-
The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
-
The index’s performance in November was stronger than the prior year, although YTD returns are behind 2023.
-
Investigators are homing in on the likely causes of the incidents.
-
The number of structures damaged may put the event on par with the fires of 2017 and 2018.
-
Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
-
Total economic and insured losses are “virtually certain” to reach into the billions.
