https://www.taxtmi.com/news?id=30080 Projected economic losses from the Los Angeles County wildfires are likely to rank among the largest natural disaster economic exposures in US history, driven by destruction of high value residential areas and dense urban infrastructure. Insurers and risk assessment firms have flagged substantial insurance exposure and potential systemic impact on insurance and reinsurance markets. Continued fire activity and compounding factors such as infrastructure damage, business interruption, lost wages, and healthcare costs mean estimates remain preliminary and may increase as authoritative tallies are compiled. en-us Sun, 12 Jan 2025 00:16:02 +0530 Sun, 12 Jan 2025 00:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30080 Projected economic losses from the Los Angeles County wildfires are likely to rank among the largest natural disaster economic exposures in US history, driven by destruction of high value residential areas and dense urban infrastructure. Insurers and risk assessment firms have flagged substantial insurance exposure and potential systemic impact on insurance and reinsurance markets. Continued fire activity and compounding factors such as infrastructure damage, business interruption, lost wages, and healthcare costs mean estimates remain preliminary and may increase as authoritative tallies are compiled. News - Sun, 12 Jan 2025 00:16:02 +0530 https://www.taxtmi.com/news?id=30080