-
Secondary perils accounted for 65% of global insured losses in 2024. -
The figure does not include specie or auto losses.
-
The nationwide carrier ranked sixth for multi-peril California homeowners' insurance in 2023.
-
Munich Re and Berkshire Hathaway are among the major providers to large California cedants.
-
The carrier also has a $500mn excess $2.4bn aggregate protection.
-
Compared with its initial figure, CatIQ’s latest estimate has increased by 40%.
-
The California fires will test post-2018 treaty revisions – and reinsurers’ nerves.
-
Guy Carpenter said personal-lines exposure would account for 85% of the aggregate loss.
-
The industry loss number has increased threefold from an initial $5bn pick.
-
The total includes fire and smoke damage plus living expenses for evacuees.
-
The fire started Wednesday morning and is currently 0% contained.
-
Losses from the larger fire will amount to $20bn-$25bn, the modeller said.
