-
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 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
-
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.
-
Utilities have faced major liabilities for their involvement in starting wildfires.
-
Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
-
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.
-
The company’s stock price has plummeted in the wake of the LA wildfires.
-
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.
