Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017

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Northern Californian wildfires point to heavy losses

  • Laura Board 10 October 2017
  • Homeowners' and commercial property insurers operating in northern California are braced for potential losses in the low billions of dollars after at least 15 wildfires spread across the wine-growing area of Sonoma and Napa counties.

    The fires have killed at least 10 people so far, and some 1,500 homes and commercial buildings had been damaged as of yesterday, according to the California Department of Forestry and Fire Protection.

    The property damage is said to be among the worst seen in...

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