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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.
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Hurricane Milton resulted in the largest insured loss of the year at $25bn.
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The fast-moving blazes have prompted evacuations across the city.
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More than 4,000 acres are burning as thousands evacuate.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Axa XL is understood to be the lead carrier, with Gallagher the broker on the account.
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A California ruling could set an important precedent as other courts consider similar cases.
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Churn is expected to return to the market in 2025 as scrapping of older fleet accelerates.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
