North America
-
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.
-
AM Best said it expects insured losses from the California wildfires to be “significant”.
-
This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
-
Moody’s also expects losses in the billions of dollars.
-
Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
-
Six fires now cover more than 27,000 acres across Southern California.
-
Hurricane Milton resulted in the largest insured loss of the year at $25bn.
-
The fast-moving blazes have prompted evacuations across the city.
-
More than 4,000 acres are burning as thousands evacuate.
-
The path to Howden’s new era is steep – but the opportunity is vast.
-
In the US, pricing fell by 6.2% at the major renewal.
Most Recent
-
US casualty reinsurers feeling a little more heat from competition
08 September 2025 -
Pro MGA Global launches MGU Orb Specialty
08 September 2025 -
Daily Digest: Top news from 8 September
08 September 2025 -
Axis 'constantly examining' merits of pursuing M&A: Tizzio
08 September 2025 -
Hannover Re outlines ILS plans as Ludolphs to retire at end of 2026
08 September 2025 -
Guy Carpenter aviation duo Eaton and Moret resign
08 September 2025 -
Reinsurance sector must innovate to retain relevance: Henchoz
08 September 2025