Southern California

Insurance Losses Could Reach $20 Billion in Los Angeles Fires

Total economic losses could reach $275 billion, making it the costliest wildfire in U.S. history.
Insurance Losses Could Reach $20 Billion in Los Angeles Fires
The charred remains of a home can be seen off Braeburn Road in Altadena, Calif., on Jan. 10, 2024. Brontë Wittpenn/San Francisco Chronicle via AP
Jill McLaughlin
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Insurance costs from the catastrophic Los Angeles wildfires could run at least $20 billion for the disaster, according to estimates by Wells Fargo analysts.

The fires, which started Jan. 7, continued to burn Wednesday as thousands of firefighters have gradually increased their containment.

Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.