💨 Abstract

The most destructive wildfires in Los Angeles history, burning in neighborhoods like Pacific Palisades, Eaton, and Hurst, may cause insured losses of over $8 billion, surpassing the 2018 Woolsey fire in California. Analysts believe insured losses will amount to billions of dollars due to high property values, but many homes may be uninsured.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖