Special Report

2019 Catastrophe Preparation and Recovery

June 1 marks the beginning of hurricane season, while the peak of tornado season is March through May. Wildfire season is traditionally during the summer months, but in some states the risk is yearlong. Preparation is key to providing a timely response in order to help policyholders begin the recovery process. In this Special Report we share information on how best to prepare for natural disasters and how to recover if one damages your property.

News

Chubb estimates $225M catastrophe loss related to California wildfires

Chubb believes its losses from Hurricane Michael are at the upper end of the range of $150 million to $250 million.

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Chubb Limited today announced preliminary net loss estimates in the fourth quarter of 2018 attributable to the California wildfires of approximately $225 million pre-tax, or $195 million after tax.

These estimates do not include losses from Hurricane Michael or other weather events occurring globally in the quarter.

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Jayleen R. Heft

Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected]

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