High net worth
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There are many unknown factors including insurance gaps, high-value property and damage to critical infrastructure. -
The carrier is the largest writer of homeowners’ multi-peril in the state.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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Investigators are homing in on the likely causes of the incidents.
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Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
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This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
Most Recent
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Chaucer’s McLaughlin to exit for Howden Re in Miami
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