27-10-2017 09:24 via insuranceinsider.com

Markel expects $40mn-$80mn Californian wildfires impact

Markel has estimated it will take a $40mn-$80mn hit as a result
of the Californian wildfires.
In the firm's third quarter earnings report, Markel said
this range was based on preliminary industry loss estimates, policy
level reviews and direct contact with insureds and brokers when
possible.
However, Markel warned that it was still gathering loss data
from policy holders and cedants and expects additional losses to be
notified. It also said potential losses associated with business
interruption
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