Estimated insured losses from the Palisades and Eaton fires in Los Angeles currently range from $35 billion to $45 billion, making them the largest wildfire insurance loss in history.
CoreLogic projects that nearly 20,000 structures worth a cumulative $50 billion will be impacted by the fires, with the majority showing significant damage.
While firefighters have made significant gains in containing the fires, the battle to protect lives and property still continues, making any loss projections preliminary.
There are a lot of uncertainties in this loss estimate, and we've done our best forecast looking at the past, but again, there's some uncertainty.
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