While the Southern California fires that sparked in high-wind conditions last week inch closer toward containment, estimates of insured losses continue to creep higher.
CoreLogic said in a Thursday briefing that the industry price tag of the Palisades and Eaton fires could balloon to between $35 and $45 billion. Moody’s RMS said this week that “it is already clear that this will prove the costliest wildfire in U.S. history.”
Related: Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’
As the flames burned, Insurance Journal interviewed leaders of three companies that specialize in insuring