Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds

Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds

by | Jan 10, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The fires sweeping across Los Angeles are now on track to cause about $20 billion of insured losses, according to an estimate by analysts at JPMorgan Chase & Co. That’s twice as much as the Wall Street bank had predicted just 24 hours earlier as analysts try to...