Insured losses may cover only a fraction of the costs for fire victims, the UCLA economists said. Many property owners seeking to rebuild were underinsured, while those without mortgages may have had no policies or were dropped by private insurers. (Credit: Eaton Fire damage/Wikimedia Commons)
(Bloomberg) — Economic losses from the fires that tore through Los Angeles County in January range from $95 billion to $164 billion, according to a new report, potentially making the blazes the second-costliest natural disaster in US history.
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