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California’s biggest wildfire had grown to over 237,000 acres by early morning in the Golden State and had consumed over 700 homes, but fire authorities said the Thomas fire was 25 percent contained by then.
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Complications in accessing Puerto Rico following Hurricane Maria's landfall in September have meant that not even half of the expected insured claims have been notified, according to Charles Taylor Adjusting.
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The ILS sector could cover as much as 15-25 percent of insured claims resulting from this year's catastrophes, according to analysts.
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US nationwide carriers recorded the largest net exposures to losses from the wildfires that struck California in October relative to the P&C industry's other peer groups.
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US nationwide carriers recorded the largest net exposures to losses from the wildfires that struck California in October relative to the P&C industry's other peer groups.
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Catastrophe data aggregator Perils has estimated the property insured loss from Extratropical Cyclone Herwart as EUR252mn ($297mn).
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The Thomas fire in California has grown to the size of New York, making it the fifth largest wildfire in recorded state history, according to media reports.
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Wildfires scorching huge areas of Southern California since last week have put at least 13,526 homes at extreme or high risk of damage, real estate data and analytics provider CoreLogic estimates.
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An explosion at Eastman Chemical Company's Kingsport, Tennessee site in October has led to a loss notification in the region of $225mn on an FM Global-led insurance cover, The Insurance Insider understands.
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AIG is the lead reinsurer on one of the largest losses in the Middle East this year, from an Omani aluminium factory that caught fire in August, The Insurance Insider can reveal
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XL Group put its fourth quarter natural catastrophe losses to date at $250mn, the vast majority of which emanated from the California wildfires.
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Five wildfires are continuing to blaze on the outskirts of Los Angeles, forcing tens of thousands of residents from their homes
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