Fairfax Financial Holdings may face net loss between $ 500 million and $ 750 million from Los Angeles Area, based on the original estimate, according to the AM player.
During the fourth-fourth indicator, President Peter Clarke said that fires could be a FairFax opening event with Odyssey, Brit, and Allied World. Loss of extensive industry insurance estimate is estimated between $ 35 billion and $ 45 billion.
Clarke noted that Fairphax’s loss would be higher than its standard widths of 1% to 1.5% of industrial loss due to money exposure.
“We’re five weeks when the fire started and we did not find many reports in our public squares,” Clarke said. “We will have the best measure at the end of the first quarter.
Fairfax reported a fees made by an enemies caused by $ 1.15 billion in the fourth quarter, down from $ 1.33 billion a year before.
Complete Premiums in writing and go up and go up to the
California Filfires Moved the Commissioner Ricardo Lara to approve the appropriate California Status Insurance Reference related to Los Angeles Filfles Filfires, who were injured or destroyed for more than 16,250 buildings last month. .
Lara said that without examination, the organization could deal with the lack of debt exemption at the end of March, because the recycled receivables or net renewal continues to cover the claims and operating costs.
Most businesses are written down for Fairfax holding money LTD
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