Travelers pegs pre-tax LA fire loss at $1.7bn
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Travelers pegs pre-tax LA fire loss at $1.7bn

Its post-tax estimate of $1.3bn is net of reinsurance recoveries.

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Wildfire Fire California Helicopter.jpg

Travelers has announced its preliminary estimate for the Los Angeles (LA) wildfires is $1.7bn pre-tax, or $1.3bn post-tax.

The estimate includes losses to personal and commercials lines and takes into account its 20% quota share arrangement with Fidelis, as well...

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