California HO insurers still hobbled by 2017-2018 wildfire payouts: Triple-I
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California HO insurers still hobbled by 2017-2018 wildfire payouts: Triple-I

oregon wildfire big i

Payouts from California’s 2017-2018 wildfires are still affecting carriers’ balance sheets, according to the Insurance Information Institute’s (Triple-I) latest issues brief.

Following the 2017 Tubbs Fire and the 2018 Camp and Woolsey fires, which together racked up estimated insured losses of more than $20bn, insurers cumulatively paid out more than twice as much in claims and expenses as they collected...

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