Devastating LA fires expected to push up insurance premiums

The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a region already abandoned by many insurers. On Wednesday, it estimated the total cost of the Los Angeles fires so far at between $135 billion and $150 billion.

Devastating LA fires expected to push up insurance premiums

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The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a region already abandoned by many insurers. On Wednesday, it estimated the total cost of the Los Angeles fires so far at between $135 billion and $150 billion.

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