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California wildfires could cause $500m of total property losses - GuyCarp

Three wildfires fanned by hurricane-force Santa Ana winds forced tens of thousands of people to evacuate their homes in parts of Southern California over the past week could cause a total property loss of over $500m, Guy Carpenter has reported.


The broker said that around 980 homes, ranging from multi-million dollar mansions to more modest mobile homes, have been destroyed by fires that stretched from Santa Barbara to southeast of Los

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Is it third time lucky for Axa as it merges divisions again?

Content Director’s View: With Axa UK and Ireland combining its personal and commercial businesses into one, Jonathan Swift reflects on why insurers often oscillate between splitting and merging these divisions, and what led the insurer to believe this latest move will pay off now despite similar attempts in 2005 and 2016.

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