
Housing & Real Estate News - Realtor.com
January 17, 2025 at 06:09 PM
The devastating fires in Los Angeles are on track to shatter prior records for total losses, according to a new analysis from CoreLogic.
Estimated insured losses from the Palisades and Eaton fires in Los Angeles currently range from $35 billion to $45 billion, said Tom Larson, senior director of insurance solutions at CoreLogic, at a virtual briefing event on Thursday.
That would make the recent fires by far the largest wildfire insurance industry loss event in history, exceeding the $11.5 billion in insured losses in the 2018 Camp Fire in Northern California.
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