Insurer Liquidated by CA Wildfires – Unable to Pay Claims

Bob Leonard - Climate Risk Manager 12.11.2018

 

California’s Camp Fire didn’t just kill dozens of people and destroy thousands of homes. It also left an insurance company in financial ruins, unable to pay millions of dollars to policyholders. A state judge ruled that Merced Property & Casualty Co. can’t meet its obligations after last month’s Camp Fire, the deadliest and most destructive wildfire in California history. […]

 

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