Verisk estimates insured losses from California's Palisades and Eaton fires at $28B to $35B, hitting hundreds of homes.

Verisk estimates the insured losses from the Palisades and Eaton fires in California to be between $28 billion and $35 billion, primarily affecting residential properties. The company's estimate covers various property types and vehicles but excludes losses from smoke damage, litigation, and fraud. This incident is one of the most costly in California's history, impacting hundreds of homes and straining firefighting resources.

2 months ago
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