💨 Abstract

The Los Angeles wildfires, which have caused extensive damage and loss of life, could become the costliest wildfires in U.S. history with insured losses estimated up to $20 billion. The fires, expected to be hampered by high winds, have already resulted in at least 24 deaths. The potential financial impact highlights the growing risks of climate-related disasters and could lead to challenging recovery and increased homeowners' insurance costs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖