News Risk Management21 Jul 2021

US:Weather conditions portend another destructive year of wildfire losses

| 21 Jul 2021

California wildfires caused more than $4bn in commercial property losses for insurers in three of the past four years according to a new report by AM Best. The new report 'Weather Conditions Portend Another Destructive Year of Wildfire Losses' examines the worsening severity and frequency of wildfire events in California. It expects that 2021 fire losses could be even greater.

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