Fitch Assesses Wildfires’ Impact on P/C Insurers’ 2018 Results

Article 0 Comments Fitch Ratings said it expects the November wildfires in California to have some but not great impact on property/casualty insurers’ year-end results and it anticipates limited or no rating actions due to the fires. The rating agency is maintaining stable outlooks on both the U.S. non-life insurance […]

Aon Cites Need for Mitigation as Insured Wildfire Losses Top $10B for Second Year

Article 0 Comments Total aggregated economic losses for the wildfires that have burned across Northern and Southern California throughout the month are expected to minimally exceed $10 billion, while insurance claims payouts for wildfires are set to exceed $10 billion in the United States for the second year running. Insurance […]