Three educational institutions located in different areas of California were either almost destroyed or significantly damaged by the fire. The total amount insured for these properties is USD 75 million. Schools and other municipal institutions are insured under the APIP (Alliant Property Insurance Program), one of the world's largest insurance programs, of which Eurasia is also a participant.
“Despite significant damage from the disaster, most of the real estate in California is insured under voluntary programs that are reinsured around the world, including in Kazakhstan. It should be noted that the students and employees of the burnt schools were promptly evacuated, there is no information about victims. We are waiting for a package of documents, including damage assessment, to make reinsurance payments as soon as possible, and we do not rule out the receipt of new claims from victims under other reinsurance programs”, the insurer’s press office informed.
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