Los Angeles Wildfires Costliest In History: German Reinsurance Giant Munich Re
Frankfurt: German reinsurance giant Munich Re said Wednesday that last month’s huge wildfires in Los Angeles had been the costliest “in the history of the insurance industry”. Munich Re, which acts as an insurer for insurers, said it expected some 1.2 billion euros ($1.3 billion) in loss claims from the fires. The estimate was “subject … Read more