LA wildfires may generate $35 billion – $45 billion insured loss

Insured losses from the Los Angeles wildfires now appear likely to fall in a range of $35 billion to $45 billion, analytics firm CoreLogic said Friday. Why it matters: At the high end of the range, and even adjusting for inflation, it would be one of the top five costliest natural disasters in world history by insured loss. Economic losses are expected to be orders of magnitude…