Reported about 13 hours ago
Insurance loss estimates from wildfires in Los Angeles have surged to nearly $40 billion, as fresh data suggests the ongoing blazes could lead to even higher damages. Analysts noted that the destructive fires, which have claimed at least 24 lives and destroyed multiple neighborhoods, remain largely uncontrolled. Companies such as Allstate and Chubb may face significant losses, particularly from high-net-worth homeowners, while the containment efforts for certain fires are still in early stages.
Source: YAHOO