RMS estimates up to $1.6bn losses from Californian wildfires
The wildfires ravaging Southern California are likely to cost insurers between $900m and $1.6bn, making them among the most expensive in the region's history, according to modelling company, Risk Management Solutions (RMS).
RMS said losses are expected to reach or even exceed the higher end of this estimate, if the blazes continue.
Yesterday, California-based modelling company Eqecat estimated insured losses had already
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