Search
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Insurers have paid out more than $4 billion in wildfire claims so far. (Credit: Ryland West/ALM)Travelers estimates the LA wildfires will cost it more than $1 billion.
In a statement released this week, the Travelers Companies said preliminary numbers showed a pre-tax hit of $1.7 billion, or $1.3 billion after tax. That estimate includes losses from Travelers’ commercial and personal segments, assessments from the California FAIR plan and recoveries from reinsurance.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Guide
Sponsored by CoreLogic
How Digital Automation Operates in Today's Property Claims Lifecycles
Discover how digital automation is helping property insurance carriers simplify and expedite the claims process and overcome challenges posed by a growing number of claims in recent years.
Case Study
Sponsored by CoreLogic
Revolutionizing Claims Processing: How a Leading Insurer Transformed Water Mitigation Reviews
Discover how one insurer drastically improved the efficiency of their water mitigation claim reviews, reducing costs and time while enhancing decision-making. Learn how this approach can transform your claims process, making it faster, more accurate, and less resource-intensive.
Article
Sponsored by TruStage
Filling the Middle-Market Life Insurance Gap in America
The mid-market life insurance segment holds tremendous potential, with 39% of consumers planning to buy life insurance in the next year (1). This white paper explores the unique opportunities for you to scale your mid-market segment and drive sustainable growth.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
