Chubb, Travelers lead California wildfire loss table: KBW

Chubb and Travelers are expected to bear the highest losses from the wildfires in north and south California, according to KBW research.

Insured losses from The Camp and Woolsey Wildfires are expected to reach between $9 billion and $13 billion, according to data provider RMS.

RMS' loss estimates comprise property and auto damages, burn and smoke damages, business interruption, additional living expenses and losses of personal items.

Based on these scenarios, Chubb’s projected losses from the California wildfires will be between $377.1 million ($9 billion total industry loss) and $544.6 million ($13 billion industry loss), according to KBW research. Travelers will face losses of $365 million and $527.2 million, according to these scenarios.

The top of the exposure ranking also includes Allstate ($325.0 - $469.5 million), The Hartford ($234.1 million – $258.8 million) and CNA ($234.1 million - $258.8 million).

The estimates are primary insured pre-tax losses (net of disclosed reinsurance protections, and assuming a 10% Auto/90% Property insured loss mix) based on individual companies' 2017 direct market share of California's catastrophe-exposed lines (i.e., Fire & Allied Lines, Personal and Commercial Auto Physical Damage, Commercial Multiple Peril (Non-Liability), Farmowners, Homeowners, Inland Marine, Multiple Peril Crop, and Private Crop). KBW has not included any estimates for assumed (i.e., reinsurance) losses.

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