21 February 2018

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AIR raises California wildfire upper loss limit 3.5x to $10.5bn

17 November 2017

Catastrophe modelling firm AIR Worldwide has significantly increased its insured loss estimate for California wildfires to $8bn-$10.5bn in an update released last night (16 November).

The revised estimate is four times that of its previous lower limit of $2mn and more than triple its upper limit of $3mn, advised in a release on 26 October.

AIR said the update followed analysis of findings from its damage survey, conducted in the week commencing 30 October, together with new information about policy...

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