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Chubb CEO Expects $1.5 Billion Loss From LA Wildfires: 'California Is A Difficult Market For Insurance Companies'
Wednesday, January 29, 2025 - 7:52pm | 469Chubb Ltd. (NYSE:CB), one of the largest domestic property and casualty insurers, held its fourth-quarter earnings call on Wednesday and addressed the future financial impacts resulting from the recent California wildfires. The Details: Chubb CEO Evan Greenberg opened the call by expressing his...
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LA Wildfire Damages Could Top $52 Billion As California Faces Property Insurance Crisis
Thursday, January 9, 2025 - 12:25pm | 675Wildfires continue to ravage Los Angeles county on Thursday, causing billions of dollars in damage to homes and businesses. What To Know: Accuweather on Wednesday issued a preliminary estimate of the total damage and economic loss from the Southern California wildfires to be between $52 billion...