Morningstar DBRS: LA wildfire insured loss could exceed $8bn
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Morningstar DBRS: LA wildfire insured loss could exceed $8bn

Moody’s also expects losses in the billions of dollars.

By Rachel Dalton
January 09, 2025
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Firefighters work inside a burned structure while battling the Eaton Fire, Wednesday, Jan. 8, 2025, in Altadena, Calif. (AP Photo/Nic Coury)
Photo: Alamy

The six wildfires burning in the Los Angeles (LA) region could cause insured losses of more than $8bn, according to an early estimate from Morningstar DBRS.

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Topics

News Catastrophe losses Property Re/insurers California Wildfire Commercial E&S
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