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German reinsurers took a $1.9 billion benefit hit from LA wildfires in first quarter

German reinsurers took a .9 billion benefit hit from LA wildfires in first quarter

An aerial view of houses destroyed within the Palisades Fire on January 27, 2025 in Pacific Palisades, California.  Mario Tama | Getty Images Germany’s greatest reinsurers took a $1.9 billion benefit hit within the first quarter from claims associated with the contemporary Los Angeles wildfires. Munich Re, the arena’s biggest …

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