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    Home > Finance > UK insurer Lancashire sees up to $165 million hit from Los Angeles wildfires
    Finance

    UK insurer Lancashire sees up to $165 million hit from Los Angeles wildfires

    Published by Global Banking & Finance Review®

    Posted on February 13, 2025

    1 min read

    Last updated: January 26, 2026

    The image highlights the impact of California wildfires on UK insurer Lancashire, which anticipates losses up to $165 million. This event underscores the financial repercussions of natural disasters on the insurance industry.
    UK insurer Lancashire faces significant losses from California wildfires - Global Banking & Finance Review
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    Quick Summary

    Lancashire Holdings projects $145M-$165M in losses from California wildfires, with potential $20B in total damages, marking a historic disaster.

    UK Insurer Lancashire Projects $165M Loss from LA Wildfires

    (Reuters) -British insurer Lancashire Holdings said on Thursday it expects losses of between $145 million and $165 million related to the California wildfires.

    The ring of wildfires that devastated Los Angeles in January is expected to hit insurers with estimated losses as high as $20 billion, potentially making it the costliest disaster in California's history.

    The Bermuda-based company said it is well-capitalised to achieve its strategic targets after assessing the losses.

    (Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza and Subhranshu Sahu)

    Key Takeaways

    • •Lancashire Holdings expects up to $165 million in wildfire-related losses.
    • •California wildfires could result in $20 billion in insurance claims.
    • •The wildfires are potentially the costliest disaster in California's history.
    • •Lancashire remains well-capitalised despite the anticipated losses.
    • •The company is based in Bermuda and targets strategic goals.

    Frequently Asked Questions about UK insurer Lancashire sees up to $165 million hit from Los Angeles wildfires

    1What is the main topic?

    The article discusses Lancashire Holdings' expected financial losses due to the California wildfires, which could be the most costly disaster in the state's history.

    2How much loss does Lancashire expect?

    Lancashire Holdings anticipates losses between $145 million and $165 million due to the wildfires.

    3What is the potential total impact of the wildfires?

    The wildfires in California could lead to insurance claims as high as $20 billion.

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