Insight and Intelligence on the London & International Insurance Markets

23 January 2018

Search archive

PCS loss figure for October fires surpasses $10bn

Adam McNestrie, Fiona Robertson 12 January 2018

PCS has released an updated loss number of $10.4bn for the wildfires that hit California in October - up 42 percent from its initial figure of $7.3bn, The Insurance Insider can reveal.

Market sources have previously pointed to expected insured losses of around $10bn.

The $10.4bn figure, which does not comprise loss adjustment expenses and some portions of losses picked up in the marine market, suggests that the overall insured loss has deteriorated meaningfully.

The Tubbs fire was the largest...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π