California wildfire reinsurance rates could increase by 30-70 percent in 2020 renewals as the market continues to reel from 2017 and 2018 fires, according to Standard & Poor’s (S&P).
Cali wildfire reinsurance rates could rise as much as 70%: S&P
![Firefighter Holding Hose Pointing Water Stream onto Fire](https://assets.euromoneydigital.com/dims4/default/99daef1/2147483647/strip/true/crop/3883x2185+0+0/resize/840x473!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F8b%2F9b%2F38ac0dc5513815ff0a46688aced4%2Fwildfire-firefighter.jpg)
California wildfire reinsurance rates could increase by 30-70 percent in 2020 renewals as the market continues to reel from 2017 and 2018 fires, according to Standard & Poor’s (S&P).