LA Wildfire Insurance-Loss Estimates Approach $40 Billion

Bloomberg News

Summary

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California wildfires have killed at least 25 people and destroyed more than 12,000 structures.
Newsweek
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L.A. Fires Could Cost Insurers $30 Billion, According to New Forecast
The Wall Street Journal
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The largest blaze, the Palisades Fire, has burned more than 23,000 acres and was only 18% contained this afternoon as it threatened Brentwood, Encino and Westwood.
NBC News
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The press was rife with reports on the fact that many insurers pulled out of the area months or days before the fire occurred, leaving scores without any insurance protection.
The Manila Times

■ Story #73 ▪

issue 88:88 ▪

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References

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Los Angeles Times
Farmers tops survey of home insurers that decline the most claims
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