USAA’s $1.6bn-$2.2bn wildfire loss implies first-layer reinsurance hit
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USAA’s $1.6bn-$2.2bn wildfire loss implies first-layer reinsurance hit

The carrier’s Eaton Fire loss would be a retained net loss hit.

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USAA has estimated its ultimate loss for the California wildfires will range from $1.6bn to $2.2bn, gross of reinsurance, sources have told this publication.

The

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