Insurer Chubb puts a price tag on its share of L.A. wildfire woes

Insurer Chubb Ltd. has estimated its costs related to the Los Angeles fires to be around $1.5 billion before taxes.

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Chubb's Evan Greenberg says insurer just had the best year in its history

"While we're in the risk business ... we're confident in our ability to continue growing operating earnings and EPS at a double-digit rate," the CEO said.
CNBC - 10h
Insurers Were Right About California’s Wildfires

Regulators in California made it difficult for insurers to raise rates despite increasing risks. So the insurers stopped writing policies, which is logical. But they’ll get blamed and shamed anyway.
Inc. - Jan. 21
Celtics reportedly to have at least four bidders for franchise, price tag to exceed $6 billion

If one were trying to up the price during the first round of bidding for the team, one would leak this.
Yahoo Sports - Jan. 19
L.A. landlords accused of price gouging say they’re responding to unprecedented demand from wealthy wildfire victims

Some landlords lowered rents after MarketWatch asked about increases that appeared to violate laws against price gouging.
MarketWatch - Jan. 18
Wildfires in L.A.: Where Small-Business Owners Can Find Aid, Even If Insurers Are Squeezed

Despite insurers’ retrenchment in California, the onus is still on them to make their claimants whole, an insurance industry watchdog says.
Inc. - Jan. 15
Are arsonists responsible for the L.A. wildfires?

Fire investigators are working to determine whether the Los Angeles blazes were the result of an intentional act, an accident or damaged utility lines.
NBC News - Jan. 13
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump

The wildfire may be the costliest disaster in California history.
Inc. - Jan. 10
California Wildfires Lay Bare an Insurance Crisis

Even before the latest blazes, California officials warned that an emergency state insurance fund was in trouble, while private insurers dropped coverage.
The New York Times - Jan. 10
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.
MarketWatch - Jan. 10

Insurer Chubb puts a price tag on its share of L.A. wildfire woes

Topics

Related

Chubb's Evan Greenberg says insurer just had the best year in its history

Insurers Were Right About California’s Wildfires

Celtics reportedly to have at least four bidders for franchise, price tag to exceed $6 billion

L.A. landlords accused of price gouging say they’re responding to unprecedented demand from wealthy wildfire victims

Wildfires in L.A.: Where Small-Business Owners Can Find Aid, Even If Insurers Are Squeezed

Are arsonists responsible for the L.A. wildfires?

As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump

California Wildfires Lay Bare an Insurance Crisis

L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.

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