Negative Credit Implications from California Wildfire Could Emerge for Reinsurance, Fitch Says

The “downside credit risks” from the California wildfires are the most pronounced for investor-owned utilities, which could face large liabilities if IOU equipment is found to have ignited the fires. And negative credit implications could emerge for the reinsurance industry …

from News – Insurance Journal https://ift.tt/2FLygNH
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