As wildfires continue to ravage California’s Los Angeles County, attention is now turning to how tens of thousands of people directly affected by the devastation might recoup what they’ve lost – and a potential insurance storm that awaits them.
Thousands of properties have been damaged or destroyed and owners are uncertain whether insurance will cover for them. The ongoing fires could become the most expensive in terms of insured losses in California history, with analysts estimating that losses could approach $20bn.
