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24 March 2018

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State Farm, Allstate among wildfire-exposed carriers

23 November 2017

A small number of personal lines insurers are among those most exposed to the Californian wildfires that occurred last month.

State Farm, Farmers, California State Auto Association (CSAA) and Allstate are the four largest primary writers in the Northern California homeowners' market.

Together the four insurers took a 48.8 percent share of the state's homeowners' multi-peril insurance market in 2016, according to AM Best.

Allstate has put out an initial wildfire loss estimate of $452mn, while sister publication The Insurance...

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