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prima:California fires could impact Puerto Rico’s insurance sector

It is not excluded that premiums will increase or that new regulations will be generated in the underwriting of this risk

January 15, 2025 - 12:23 PM

It is estimated that damages from the California fires could total $20 billion or more. (The Associated Press)

The fires that have destroyed more than 12,000 properties in California, killed more than 20 citizens and devastated entire communities since January 7 are among the costliest in recent U.S. history, and could impact the insurance and reinsurance industry globally, including Puerto Rico.

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