Massive California Wildfire Losses

This is a HUGE number for a fire loss. Fortunately the reinsurance system for fire has been well in place for a long time and this is well within their ability to pay. but the trend is concerning, especially since there is another 50,000 acres burning right now. overall this is part of the ever-increasing catastrophe losses world wide that in the long run will cause insurance costs to rise and there is no getting away from it, no matter how many people think they can make climate change go away by denying it.

http://www.apnewsarchive.com/2017/Officials-say-the-wildfires-that-ravaged-Northern-California-wine-country-two-months-ago-have-generated-9-billion-in-insurance-claims/id-d7bf0d1e5e0d47ea885a872ccaa8d7f5

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