🚨🇺🇸CALIFORNIA WILDFIRES EXPECTED TO COST INSURERS $20B, HIGHEST IN STATE HISTORY

JPMorgan predicts the Southern California wildfires will set a record for insured losses, surpassing the 2018 Camp Fire’s $10B mark.

With nearly 30,000 acres burned and over 15,000 structures at risk, estimated economic losses have doubled to $50B. 

High-value homes in Pacific Palisades contribute to the staggering projections.

The fires remain largely uncontained, threatening to escalate costs even further.