LA wildfires threaten billions in insurance losses: Moody’s

For context, California’s most expensive wildfire to date, the 2018 Camp Fire, resulted in insured losses of $10 billion ($12.5 billion in 2024 dollars). The Woolsey Fire, which previously hit Los Angeles and Ventura counties, caused $4.2 billion in insured losses ($5.3 billion in 2024 dollars).

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