The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses damages, credit ratings—and lately worrying outlooks for the effect of the fires on insurance rates.
Tens of thousands of properties will be ultimately lost when final counts come in, along with dozens of fatalities. Insured losses range from $8 billion for the two largest fires to $40 billion for all of five. Total economic losses are expected to be well into the hundreds of billions of dollars.
The blazes were