Costliest wildfires ever to hit the US
Ranked by adjusted insured losses in 2024 USD
Illustration: TBS
An insured loss refers to a financial loss or damage that is covered under an insurance policy. The Los Angeles (LA) Wildfires, which started on 7 January, have already claimed the lives of at least two dozen people. Meanwhile, AccuWeather forecasts total economic losses from the disaster to range between $135 billion and $150 billion, signalling a challenging recovery and likely surging homeowners' insurance costs.
Source: Reuters
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