JPMorgan estimates insured losses in California wildfires could top ...

Jan 9, 2025 · An analysis by JPMorgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.

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JPMorgan Estimates Insured Losses In California Wildfires Could Top ...

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Jan 9, 2025 · An analysis by JPMorgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.

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JP Morgan Doubles California Wildfire Insured Losses Estimate To …

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6 days ago · Insured losses from the wildfires ravaging Los Angeles County could top $20 billion and run even higher unless they are brought under control, according to a note late Thursday …

businessinsurance.com

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California Wildfires Could Cost Insurers $20 Billion Amid …

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6 days ago · "Expectations of economic losses stemming from the fires have more than doubled since yesterday to closer to $50 billion, and we estimate that insured losses from the event …

btimesonline.com

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Update: LA Wildfire Insurance-Loss Estimates Approach $40 Billion

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2 days ago · Goldman Sachs analysts estimated insured losses between $10 billion to $30 billion, likely rising to around $40 billion when taking into account uninsured losses, according to a …

insurancejournal.com

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US Insurers Slump As Los Angeles Wildfire Loss Estimates Hit $20 ...

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6 days ago · U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach as high as $20 billion, potentially making it the …

reuters.com

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LA Wildfires Losses Could Top $30 Billion For Insurance Industry

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3 days ago · Wildfires that have ravaged swaths of Los Angeles could result in losses of as much as $30 billion for the insurance industry as the blazes rage on almost a week after they ignited.

bloomberg.com

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LA Fire Insured Damages Could Top $20B, JP Morgan Says

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6 days ago · Law360 (January 10, 2025, 4:27 PM EST) -- Insured losses from wildfires still blazing through Los Angeles could exceed $20 billion, J.P. Morgan analysts said in client …

law360.com

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Los Angeles Fire Losses Could Reach $30 Billion For Insurers

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2 days ago · The average home insurance price jumped a staggering 43% in California from January 2018 to December 2023, S&P Global found last year. MORE: Debunking 5 claims …

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Which Insurance Companies Have The Most Exposure In California?

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2 days ago · Preliminary estimates have put insured losses from the wildfires as the costliest in California history. An analysis by JPMorgan last week estimated insured losses could top $20 …

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Insurers Brace For Losses Of Up To $20bn From California Wildfires

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Jan 9, 2025 · Insurers and analysts said the damage could rival that caused by the most devastating fires of recent years, including the 2018 Camp fire in Butte County, California, …

ft.com

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California Wildfires: JPMorgan Estimates $10 Billion In Insured Losses

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Jan 8, 2025 · The Los Angeles Times reported that, in April, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. notified the insurance department that they will not renew …

investors.com

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Insured Losses From California Wildfires Could Near $10B, J.P.

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Jan 8, 2025 · Insured losses from J.P. Morgan estimated Wednesday the ongoing wildfires in Southern California could approach $10B, although that is a "very preliminary estimate to help …

seekingalpha.com

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Pacific Palisades Wildfire Losses Could Reach $10B: J.P. Morgan

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Jan 8, 2025 · The bank emphasized the preliminary nature of the estimate but noted the 2018 Camp fire in Butte County caused inflation-adjusted insured losses of roughly $10 billion and …

businessinsurance.com

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Economic Loss From L.A. County Wildfires Could Top $50 Billion

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Jan 9, 2025 · A preliminary report by Accuweather estimated the cost of the wildfires ravaging L.A. County at more than $50 billion, a total that would make it one of the costliest natural …

latimes.com

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Los Angeles Wildfires Could Be Costliest Blaze In U.S. History

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Jan 9, 2025 · The insured losses from this week’s fires may exceed $20 billion, according to estimates published by JPMorgan. IE 11 is not supported. For an optimal experience visit our …

nbcnews.com

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California Wildfires: Insured Losses Could Top $30B, Wells Fargo ...

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3 days ago · The devastating wildfires that have impacted Southern California over the last week could have insured losses topping $30 billion, according to a new analysis. At least 24 people …

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LA Wildfire Insured Losses Could Exceed $20bn: J.P. Morgan

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Jan 9, 2025 · The destructive wildfires engulfing Los Angeles continue to burn and with containment efforts currently yielding little success, analysts at J.P. Morgan have doubled their …

reinsurancene.ws

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JP Morgan Doubles LA Wildfire Insured Loss Estimate To $20bn

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Jan 9, 2025 · JP Morgan doubles LA wildfire insured loss estimate to $20bn By Scott Vincent. Published: Thu 9 Jan 2025. JP Morgan has doubled its initial insured loss estimate for the …

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California Wildfires: These Insurers Most Exposed, JPMorgan …

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Jan 8, 2025 · California Wildfires: These Insurers Most Exposed, JPMorgan Estimates $10 Billion In Insured Losses These insurers are most exposed, but damages should be "manageable" a …

yahoo.com

FAQs about JPMorgan estimates insured losses in California wildfires could top ... Coupon?

How much will California's wildfires cost you?

Preliminary estimates have put insured losses from the wildfires as the costliest in California history. An analysis by JPMorgan last week estimated insured losses could top $20 billion, while Wells Fargo's estimate from the weekend put insured losses at $30 billion within a range of $20 billion to $40 billion. ...

Are Los Angeles wildfires causing billions of dollars in insured losses?

The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings agencies said on Thursday, though many homes are likely uninsured. ...

How much did California wildfire losses cost?

Financial analysts at Wells Fargo Securities estimated that insured losses from the Southern California wildfires could exceed $30 billion based on their latest analysis. ...

Could Los Angeles wildfires be the costliest disaster in California's history?

U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach as high as $20 billion, potentially making it the costliest disaster in California's history. ...

How much money did the California fires cause?

Total losses could be much higher. Weather forecaster AccuWeather released a preliminary estimate Wednesday afternoon that put total losses from the current fires at between $52 billion and $57 billion. Travelers increased its rates in California by an average 15% in May. ...

Are wildfires a manageable event for insurers?

(AGUSTIN PAULLIER/AFP via Getty Images / Getty Images) Despite the historically large estimates for insured losses in the Southern California wildfires, Wells Fargo wrote in its analysis, "Regardless of outcome, we see this as a manageable event for insurers," adding that at $40 billion in insured losses it "would represent a 2.0% hit to equity." ...