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Catastrophe Event2025
Los Angeles Wildfires 2025
The January 2025 Los Angeles wildfire outbreak became one of the most costly insured catastrophe events in California's history, with insured losses estimated in the tens of billions of dollars.
Why it matters
The LA wildfires tested California wildfire coverage structures, triggered regulatory reviews, and prompted significant secondary market repricing in ILS exposed to California wildfire. Several cat bond investors faced mark-to-market losses.
From January 7, 2025
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