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Colorado wildfire losses warn insurers on 2022 cat budgets

Louisville, Colorado, USA. 31st Dec, 2021. Homes were burned in the Marshall fire
Photo: Alamy Stock Photo

Ratings agency AM Best has urged insurers to plan catastrophe loss budgets prudently for the 2022 loss year, in the aftermath of devastating wildfires that hit Colorado last month and further exposed rising inflationary pressures on claims costs.

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