Facing what could be the largest wildfire in California’s history, the P&C industry was scrambling this week to gather intelligence around the size of the insured loss, with typical early-take source estimates ranging from $10bn to $20bn.
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California wildfires: What we know so far with the fires still blazing
Sources are saying 2025 could be as expensive for wildfires as the $20bn loss years of 2017 and 2018.