13 December 2017Insurance

At least 1,500 structures affected by Southern California wildfires

More than 1,500 structures were damaged or destroyed by at least six notable fires in Southern California, according to an Aon Benfield report.

State officials reported that full assessments would be ongoing as containment was further achieved.

Firefighters worked to contain several major wildfires across Southern California, as the fires burned into a second week. The most significant of the fires, the Thomas Fire, was noted to have destroyed more than 889 structures alone – the tenth most destructive fire on record in California.

States of emergency were declared in Los Angeles, Ventura, San Diego, and Santa Barbara counties. The fires were ignited by one of the strongest and most extended Santa Ana wind events in recent years.

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More of today's news

Brit forms collateralised reinsurance platform; adds former Axis Re CEO

Fidelis co-founder and former CFO re-joins Third Point Re board

Lloyd’s broker Tysers acquires commercial lines business

California wildfires prompt regulator action

Reinsurance veteran joins Chaucer board

S&P calls EMEA insurers to focus on preserving capital, earnings

California regulator warns insurers over auto policy practices

Pioneer hires Hartford underwriter for E&S property operation

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