Reported 2 days ago
Recent wildfires in Los Angeles, particularly affecting neighborhoods like Pacific Palisades and Eaton, are projected to lead to over $8 billion in insured losses, according to ratings agencies. This unprecedented disaster exceeds previous losses caused by the 2018 Woolsey fire, and with many homeowners uninsured, the overall impact on California's insurance market is expected to be severe, leading to higher premiums and reduced policy availability.
Source: YAHOO