Insight and Intelligence on the London & International Insurance Markets 24 Jan 2018
US nationwide insurers post largest net California wildfires hit
- 12 December 2017
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.
Travelers and Allstate, both among the top 10 writers of primary insurance in the Golden State, posted the biggest hits relative to shareholders' equity from the wildfires.
Click to enlarge Travelers pre-announced estimate was of claims ranging from $525mn to $675mn, with the loss midpoint of $600mn equivalent to 2.5 percent of the carrier...
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