Insured losses from 2020 US wildfires sit at $5bn-$8bn: Moody’s

California Wildfires 2020- MocFire

Moody’s has estimated current insured losses from wildfires in California, Oregon, Washington and other western states at between $5bn and $8bn, with the ratings agency expecting reinsurance pricing for western wildfires to continue to increase next year as a result.

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