Los Angeles wildfire costs double to $20 billion overnight for insurers

Los Angeles wildfire costs double to $20 b overnight for insurers. The potential cost for insurers of the devastation caused by the Los Angeles wildfires is now expected to surpass $20 billion, according to analysts at JPMorgan Chase& Co., doubling their estimate from just a day before. At least five people died and more than 29,000 acres burned in the Los Angeles…