Los Angeles wildfires could be costliest blaze in U.S. history

The insured losses from this week’s fires may exceed $20 billion, according to estimates published by JPMorgan.

16 comments

Costliest blaze in history so far...

-ftfy
- It's a once in a lifetime event, so.... /s
  
  My entire adulthood has consisted of one unprecedented once-in-a-lifetime event after another, and on occasion the same kind nearly back-to-back. This won't be the last.
  
  Uhh check yourself. Do you think you will ever experience La on fire in janurary 2025 again?
  
  Dumb!
  
  /s
  
  At the risk of being too morbid, it definitely is once in a lifetime, for the people who died from the fire.
They were saying on the news last night $10 billion, this article is saying $20 billion, MSNBC just quoted $50+ billion. 😮
- I bet its $100 billion!
- About time the housing market there got a correction, I guess.
  
  The correction is up
You know what sucks is my insurance is going to go up, again, because I have to subsidize these assholes building mansions along the coastal mountain sides. It happened when Malibu burned down, and it'll happen again, and they will continue to sell property instead of returning it back to nature.

If I have to put up with my concrete jungle South LA place, I don't want to be lumped in with people with a thousand times more greenery than I get. Yet that's exactly what insurance companies are going to do. That or outright stop dealing in California as some have done.
- I’m sure my insurance in the Midwest will go up to subsidize things, too. Never mind that we never have widespread disasters like this.

16 comments