JP Morgan: “Expectations of economic losses stemming from the #LAfires have more than doubled since yesterday to closer to $50 billion, & we estimate insured losses from the event could exceed $20 billion (or more if the fires are not controlled) https://buff.ly/4h994gZ
Insurers brace for losses of up to $20bn from California wildfires
JPMorgan analysts double estimates as blazes continue to rageLee Harris (Financial Times)
