The Travelers Companies, Inc. announced a preliminary estimate of catastrophe losses totaling $1.7 billion pre-tax, or $1.3 billion after-tax, related to the January 2025 California wildfires. This estimate includes losses from both the company's personal and commercial segments.
The preliminary estimate also accounts for losses from the company's Fidelis quota share, as well as estimated assessments from the California FAIR Plan and recoveries from reinsurance. Travelers' Chairman and CEO, Alan Schnitzer, stated that the company is providing critical resources and support on the ground for affected customers and neighbors.
The company emphasized its commitment to supporting recovery and rebuilding efforts in the impacted communities. This significant loss estimate highlights the financial impact of natural disasters on property and casualty insurers.
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