Latest news with #insuredlosses
Bloomberg
a day ago
- Business
- Bloomberg
LA Wildfires Drive Biggest Insured Losses Since Fukushima
The wildfires that devastated Los Angeles in January are set to drive this year's overall insured losses well above the historical average for the industry, according to Munich Re. Natural disasters across the globe have already led to $80 billion of insured losses in the first half of the year, with fires in and around the LA area in the first weeks of 2025 accounting for half the total, the reinsurer said in a report on Tuesday.
CBC
5 days ago
- Business
- CBC
New data reveals Jasper wildfire insured losses just under $1.3 billion
New data shows the insured losses from last year's wildfire in Jasper, Alta., are now an estimated $1.3 billion. This is an $80-million increase from the six-month estimate made earlier this year. The July 24, 2024, wildfire destroyed much of the town, and it has yet to see major reconstruction.
