Extreme weather hitting insurers hard

stormy-weather

All three of Travelers, AIG and Mapfre have put emphasis on extreme weather in their latest set of results.

In a statement published yesterday (11 February), Travelers said it expects the total losses relating to the January 2025 California wildfires to be $1.7bn (£1.4bn) pre-tax and $1.3bn (£1.04bn) after

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