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

3 days ago · The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion.

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

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3 days ago · The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion.

insurancejournal.com

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LA Wildfire Insurance-Loss Estimates Approach $40 Billion

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2 days ago · The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion.

bloomberg.com

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LA Wildfire Insurance-Loss Estimates Approach $40 Billion - Blind

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1 day ago · The cost of wildfires ravaging swaths of Los Angeles keeps rising, with new estimates of the total losses for the insurance industry now seen as high as $40 billion ...

teamblind.com

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Los Angeles Fire Losses Could Reach $30 Billion For Insurers

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3 days ago · Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week.. After …

go.com

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L.A. Wildfires To Cost Insurers More Than $20 Billion. Three …

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Jan 9, 2025 · Insurance companies are bracing for more than $20 billion in insurance losses from the wildfires raging in the Los Angeles area, analysts at J.P. Morgan said Thursday, doubling …

marketwatch.com

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LA Wildfire Insured Losses Total Billions Of Dollars, Ratings …

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Jan 9, 2025 · The wildfires burning in the Pacific Palisades, Eaton, Hurst and other Los Angeles neighbourhoods may lead to insured losses of more than $8 billion, analysts at Morningstar …

usnews.com

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US Insurers Slump As Los Angeles Wildfire Loss Estimates Escalate

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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 …

usatoday.com

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Los Angeles Fires Become Existential Test For California's Stopgap …

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Jan 9, 2025 · Update: LA Wildfire Insurance-Loss Estimates Approach $40 Billion Written By Leslie Kaufman Leslie Kaufman writes the Climate Report newsletter about the impact of …

insurancejournal.com

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L.A. Fire Insured Losses Could Top $20 Billion - Axios

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5 days ago · Risk experts believe the insured losses from the Los Angeles wildfires will easily top $20 billion, but in some ways that's only the start of the crisis California now faces.. Why it …

axios.com

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How Will LA's Devastating Fire Losses Affect Insurance And Home

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Jan 9, 2025 · JP Morgan issued a preliminary estimate of $10 billion. Whatever the final tally, the fires are sure to be a major hit to large insurers like State Farm, Allstate and Farmers, and to …

laist.com

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LA Wildfire Insured Losses Could Reach $16bn: S&P Global

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6 days ago · Wildfire specialist MGA Kettle yesterday estimated insured losses from the wildfires could range from $11bn to $17.5bn, which would top the state’s previously costliest fire, the …

insuranceinsider.com

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Insurers Could Face $20 Billion In Loses From California Wildfires ...

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6 days ago · Insured losses from the wildfires scorching Southern California could hit $20 billion and possibly higher, making it the most expensive disaster in the state's history, according to …

ibtimes.com

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JP Morgan Analysts Double LA Wildfire Insurance Loss Estimate To …

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Jan 9, 2025 · We reported this morning that a number of analyst reports had pegged the potential insurance industry loss from the LA wildfires at somewhere between $6 billion and $13 billion.

artemis.bm

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LA Wildfire Losses To "notably Exceed" $10bn, Could Approach …

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3 days ago · The US has recorded 17 individual billion-dollar insured loss fire events since 2015 alone.” ... – JP Morgan analysts double LA wildfire insurance loss estimate to ~$20bn. ... could …

artemis.bm

FAQs about Update: LA Wildfire Insurance-Loss Estimates Approach $40 Billion Coupon?

How much will Los Angeles wildfires cost insurers?

L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill. Firefighters battle a fire in the Altadena area of Los Angeles County. Losses for insurers have been pinned at more than $20 billion. Photo: AFP via Getty Images ...

Are insurance companies preparing for a wildfire in Los Angeles?

Insurance companies are bracing for more than $20 billion in insurance losses from the wildfires raging in the Los Angeles area, analysts at J.P. Morgan said Thursday, doubling their insurance-loss estimates from a day earlier. ...

Why are Los Angeles wildfire loss estimates important?

The Los Angeles wildfire loss estimates are critical as they underscore the escalating financial risks posed by climate-related disasters, highlighting potential implications for the insurance industry and the broader economic resilience. ...

How much does a wildfire cost insurance?

L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill. - MarketWatch L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill. Firefighters battle a fire in the Altadena area of Los Angeles County. ...

How will California Wildfires affect the insurance industry?

Investing.com -- Barclays (LON:BARC) released an analysis of the potential financial impact of the California wildfires on the insurance industry, projecting industry-insured losses to range between $17 billion and $30 billion. ...

Could Los Angeles wildfires become the costliest wildfire in US history?

REUTERS/Shannon Stapleton (Reuters) - The Los Angeles wildfires, which have reduced entire neighborhoods to smoldering ruins and left an apocalyptic landscape, could become the costliest wildfires in U.S. history in terms of insured losses if analysts' estimates of up to $20 billion materialize. ...