Overnight, more details on the scale of the devastation caused by the wildfires burning in the Los Angeles region of California have emerged, with officials saying 10,000 structures have been destroyed across the two main fires, while estimates of losses continue to rise.Wildfires are still burning and containment percentages remains very low for the main … Read more
According to the latest news reports and a statement by the local fire chief, more than 1,100 structures are said to have been destroyed by the wildfires that continue to burn out of control in the Los Angeles, California suburbs.As we reported this morning, a state of emergency had been raised in the Los Angeles … Read more
Catastrophe bond fund manager Icosa Investments has highlighted current uncertainty over the level of losses the market may face from hurricane Milton, but notes that while some principal losses seem likely there remains a high level of uncertainty over certain structures, especially aggregate cat bonds that have much of their risk periods left to run.The … Read more
