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European insurers face $3.5 billion loss from California wildfires, raising total insured losses to $40 billion.
European insurance companies are facing a $3.5 billion loss due to the recent California wildfires, surpassing initial estimates.
Major firms from Germany, the UK, Switzerland, and France are affected, with Swiss Re raising the insured losses estimate to $40 billion.
This disaster is one of the most costly in California's history, with economic losses around $50 billion.
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Las aseguradoras europeas enfrentan pérdidas de 3.500 millones de dólares por los incendios forestales en California, elevando las pérdidas aseguradas totales a 40.000 millones de dólares.