It’ll Take Time for P/C Insurers’ Profits to Rebound After 2017 Storms, Wildfires: Fitch

December 11, 2017

  • December 11, 2017 at 9:34 am
    Michael C says:
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    So with this statement “While performance is likely to rebound in 2018…” isn’t Fitch sort of guaranteeing we won’t have a disastrous 2018? Why would they think that? You mean no hurricanes, earthquakes, tornados, fires next year? Wow, that’s some insight they have.

  • December 11, 2017 at 2:36 pm
    Craig Cornell says:
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    The key word is “likely”.

    The fires in California are an aberration from normal years. We haven’t had large fires for nearly a decade, and fires are normal. If you live out here, you know brush has been building up; a couple of years ago, we went nearly 2 straight years where it rained every month in Southern California, which caused a massive build up in brush.

    Before this year, we went over a decade with lower than normal Hurricane damage in the United States.

    So is it likely we will return to something less severe? I would say yes.

    • December 11, 2017 at 3:25 pm
      Agent says:
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      Craig, I think you may have a short memory. I see stories every year on California fires and how the Santa Ana winds spread them. Yes, this year was worse, but they happen every year. Hurricanes were worse this year (but not man’s fault). They will happen every so often, usually not.

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