New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion and $35 billion, which includes losses to the California FAIR Plan.
The estimates out on Wednesday from the Extreme Event Solutions group at Verisk is approaching some of the highest figures issued on insured losses so far, including a high of $40 billion put out last week from Keefe Bruyette & Woods analysts. Moody’s RMS Event Response estimated insured losses from wildfires will range from $20 billion to $30 billion. CoreLogic indicated a