California storms to add to attritional loss tally for property insurers
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
  • Free trial
  • Log in

California storms to add to attritional loss tally for property insurers

Kyoung-son Song
January 16, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Print
Storm Surge

The flooding and storms in California are likely to represent an attritional, rather than a major, catastrophe loss for the property market, sources told this publication. However, they are potentially sizeable enough to make carriers “think twice” about writing flood insurance in the Golden State.

Heavy precipitation has been ongoing for three weeks since December 26, as a result of powerful atmospheric rivers coursing through the state.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Property Claims and losses
kyoung-son song ii us.png
Kyoung-son Song
Senior Reporter
Contact
Gift this article