Insured losses from the California wildfires could possibly be among the many highest ever in line with Bloomberg Intelligence evaluation. The Palisades and Eaton fires have insured-loss potential of round $3 billion to over $10 billion. Bloomberg Intelligence senior US property and casualty insurance coverage analyst Matthew Palazola examines the multi-billion-dollar impression of the fires on the California economic system and among the state’s largest insurers. He speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
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