Big insurance companies like Lloyd's of London had some bad news recently! They lost a lot of money because of the huge wildfires in California. These fires caused lots of damage and sadly, many people lost their homes.
- The wildfires caused about $2.3 billion in losses for Lloyd's.
- Other insurance companies also lost money because of the fires.
- Even though they lost money from the fires, Lloyd's still had a good year overall.
| Insurance Company | Estimated Loss |
|---|---|
| Lloyd's of London | $2.3 billion |
| Munich Re | $1.3 billion |
| Hannover Re | €700 million |
| AXA | €100 million |
It's important to remember that insurance companies help people when disasters happen. This shows how much damage these wildfires caused!
