California wildfires: Fragile California insurance market closer to the brink?
Edited By WION Video Desk
Published: Jan 13, 2025, 16:05 IST | Updated: Jan 13, 2025, 16:05 IST
The Los Angeles fires threaten to destabilize California's $10 trillion residential property market. The wildfire also pushes California's insurance market to its limit. JPMorgan Chase estimates the insured damages covered could top $20 billion in what's almost certain to become the costliest wildfire in U.S. History.
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