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The insurer has estimated the fires will cost it $7.6 billion but said reinsurance payments largely from its parent will lower its losses to about $612 million.

The plan has estimated that it will lose some $4 billion dollars on claims related to the January fires in L.A., draining its reserves and reinsurance.

Those concessions include allowing them to charge policyholders for the cost of reinsurance they buy to protect themselves from catastrophes.

However, its net losses from the fires will be closer to $600 million after reinsurance payments, which largely will come from its parent company.

However, it has said its net losses from the fires will be closer to $600 million after reinsurance payments largely from its parent.