Juniper Re: LA wildfires have potential to be $15bn-$20bn insured loss event

By James Thaler

Published: Fri 10 Jan 2025

Using replacement cost instead of sales price and factoring in contents and loss of use coverage points to residential property insured losses of around $9bn from the ongoing Los Angeles wildfires, which could get to a $15bn to $20bn range once commercial and auto claims are included, according to Juniper Re.