Lean – conscious
The Washington Post reported on Saturday that fire losses in Los Angeles, California, amount to $150 billion.
An end to the high winds that fueled the wildfires that ravaged Los Angeles this week helped fire crews make progress in controlling the blazes, but meteorologists said strong gusts of wind could return at the weekend..
Analysts are evaluating the financial impact of the disaster, as JPMorgan has doubled its expectations for insured losses to more than $20 billion, and Wells Fargo Bank expects insured losses at the same size.
After that, the rating agency Moody’s said that “losses are expected to exceed $100 billion.”
Shares of American insurance companies fell yesterday, Friday, after analysts estimated that the insured losses from the Los Angeles wildfires could reach $20 billion, which could be the most expensive disaster in the history of the state of California her