Published by Global Banking & Finance Review®
Posted on February 13, 2025
1 min readLast updated: January 26, 2026
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Lancashire Holdings projects $145M-$165M in losses from California wildfires, with potential $20B in total damages, marking a historic disaster.
(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)
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.
Lancashire Holdings anticipates losses between $145 million and $165 million due to the wildfires.
The wildfires in California could lead to insurance claims as high as $20 billion.
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