LA Wildfires Cause $250B Damage- How Insurers Will Profit #shorts #trending #reels #stocks #wildfire
The recent wildfires in Los Angeles have caused catastrophic damage, destroying 12,000 structures and resulting in estimated losses of $135 to $250 billion. Insurance companies, including Mercury General, Allstate, and Travelers, face about $20 billion in payouts. Despite initial stock declines, Wall Street is optimistic as insurers plan to raise…