Losses from the Palisades and Eaton fires near Los Angeles will be close to $28 billion, catastrophe modeler KCC reported on Thursday.
KCC estimates that the insured loss from privately insured and FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28 billion.
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That’s in line with estimates issued by Verisk earlier this week that peg insured losses to property from the Palisades and Eaton fires between $28 billion and $35 billion,