RLI shares Hawaiian wildfire loss estimates
RLI Insurance Company reported estimated pretax net catastrophe losses of $65 million to $75 million due to Hawaiian wildfires, impacting about 200 insured structures for primarily homeowners insurance.
These losses will be reflected in the third quarter of 2023.
The figures consider reinsurance recoverables and reinstatement premiums. The estimates are subject to change due to claim complexities and preliminary information.
“RLI has served homeowners in Hawaii for more than 25 years. We extend our heartfelt support to our Hawaii-based employees and condolences to those who have lost loved ones, homes and businesses, or have otherwise been affected by these devastating wildfires. Our team is working tirelessly with our trusted agents to help customers who have been impacted recover as quickly as possible.” – RLI President & CEO Craig Kliethermes.