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Analyst: Calif. Fires Should Not Result in Large Insurer Losses

West News • October 23, 2007
The 11 wildfires burning in Southern California should not result in large individual insurance company losses, according to a recent report by Goldman Sachs Analyst Thomas Cholnoky. Instead, he ...

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Subject: RE: RE: RE: Question;

Posted On: October 25, 2007, 8:52 am CDT
Posted By: Dan
Comment:
First, yes, replacement cost covers only the building, not the land. So a house that would sell for $1m, is not insured for $1M.

However, maybe this will help the new home builders with the housing glut out there!

Lloyds & the E&S carriers are going to get hit harder this year. After the 2003 fires, many of the writers tightened their underwriting guidelines. They standard carriers are going to do better this time. However, the winds blew embers very far into developed areas. This will cause some unexpected losses.
Subject Posted By Posted On
RE: RE: RE: Question; Dan
Oct 25, 2007, 8:52 am
RE: Question X
Oct 25, 2007, 7:36 am
RE: RE: Question; Ol Man Of The Mountain
Oct 24, 2007, 9:08 pm
RE: Question; Ol Man Of The Mountain
Oct 24, 2007, 9:04 pm
Question; Little Frog
Oct 24, 2007, 2:45 pm
Cholnoky Doug Thompson
Oct 24, 2007, 2:38 pm
I'm with X bob
Oct 24, 2007, 2:25 pm
Cholnoky X
Oct 24, 2007, 12:24 am
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