Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

23 April 2018

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PCS adjusts October wildfire loss to $10.4bn

12 January 2018

The PCS tabulation of industry insured losses from the October fires that spread across California has reached $10.4bn, which has developed from an initial figure of $7.3bn, sources said.

The Tubbs fire was the largest driver of the increase, with the claims figure from this event rising to $7.3bn from an initial projection of $4.2bn.

Market sources have previously pointed to expected insured losses of around $10bn. The $10.4bn figure, which does not comprise loss adjustment expenses and some portions...

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