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AM Best said it expects insured losses from the California wildfires to be “significant”. -
Moody’s also expects losses in the billions of dollars.
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Six wildfires are now burning in SoCal, with the Palisades fire being the largest.
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Six fires now cover more than 27,000 acres across Southern California.
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Hurricane Milton resulted in the largest insured loss of the year at $25bn.
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The fast-moving blazes have prompted evacuations across the city.
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More than 4,000 acres are burning as thousands evacuate.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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A look back at the stories that defined the year in P&C for 2024.
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A separate Senate report found climate change is also increasing non-renewals.
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A look back at the year in P&C (re)insurance, with the aid of some of our visual journalism.
