Wildfires in L.A. broke record for being the costliest in global history

Gallagher Re, a global reinsurance firm, estimates that the January fires caused economic losses of $65 billion, including $40 billion of insured damage. The Eaton Fire, which killed 18 people, is also the fifth deadliest wildfire in California. Data from the California Department of Insurance shows that insurance companies, including the California FAIR Plan,…