US wildfire losses could reach $10bn: J.P. Morgan

Moody's says losses will run into billions

Mathew Lerner and Ben NorrisJanuary 9, 2025
Fearsome forest fire is approaching at night.
Credit: Shutterstock/pandpstock001

Insured losses from the wildfire that broke out 7 January that primarily impacted the residential neighbourhood of Pacific Palisades in Los Angeles could approach $10bn, according to J.P. Morgan.
Moody’s Ratings said it expec...

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Mathew Lerner and Ben NorrisJanuary 9, 2025
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