-
As fires still rage, many fear early $10bn-$20bn estimates were too optimistic. -
The number of structures damaged may put the event on par with the fires of 2017 and 2018.
-
Sources say 2025 could be as costly for wildfires as the $20bn-loss years of 2017-18.
-
Total economic and insured losses are “virtually certain” to reach into the billions.
-
This could see it surpass the 2017 Camp Fire, which cost around $12.2bn.
-
Plenum said impact is marginal because wildfire contributes only marginally to the risk of bonds.
-
He succeeds Wayne Peacock, who retires this year after four years of service.
-
The fast-moving blazes have prompted evacuations across the city.
-
Homeowners’ insurance rates have spiked almost 60% since 2018.
-
The regulations are part of a state effort to expand wildfire coverage.
-
The estimate includes $102mn from Milton and $114mn Helene development.
-
Twia’s SCS losses in Q1-Q3 2024 have been more than double the budgeted amount.
