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Los Angeles wildfire economic loss estimates top $50 bln

Los Angeles wildfire economic loss estimates top $50 bln

by AIP Online Bureau | Jan 9, 2025 | Disaster & Management, Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

J.P. Morgan believes that insured losses originating from the wildfire could be around $10 billion, “We expect a majority of the losses to be related to homeowners’ coverage and a significantly lesser amount to commercial,” it said U.S. private...

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