Karen Clark & Company has estimated that insured losses from the Palisades and Eaton fires will be close to $28bn.

Verisk has estimated insured losses from the Palisades and Eaton wildfires at between $28bn and $35bn, which includes losses to the California Fair Plan.

Natural disasters generated global public and private market insured losses of $145bn in 2024, the sixth highest tally on record and more than 50 percent above the 21st century average, according to Aon.

Gallagher Re has pegged total insured losses from natural catastrophe events in 2024 at $154bn, of which public/government-sponsored insurers covered nearly $20bn.

Mercury General said today it has not yet decided whether to consider the Palisades and Eaton wildfires as one or two events under its reinsurance coverage after Property Claim Services designated the fires as separate events.

California’s Fair Plan has estimated its exposure to date from the Palisades and Eaton wildfires at more than $4.75bn.

Moody’s RMS Event Response has estimated insured losses for the Los Angeles wildfires to date will likely range between $20bn and $30bn, which is below some of the preliminary ranges published elsewhere in recent days.

Citizens Property Insurance Corporation has now paid out $823mn from the three hurricanes that hit Florida last year, while the insurer of last resort's CEO has hailed the continuing impact of 2023’s reforms and estimated its policy count will drop further to around 770,000 by the end of this year.

The National Flood Insurance Program (NFIP)’s loss estimate from Hurricane Helene has been raised to $6.75bn with the claims total nearing the point where the organisation’s reinsurance program will be triggered.

Toronto-based Catastrophe Indices and Quantification (CatIQ) has released its fourth industry loss estimate for the 15-16 July 2024 flash flooding in southern Ontario, pegging the insured market loss at C$991mn.