Allstate Stock Rises. Why the L.A. Wildfire Uncertainty Is About to Get Worse. - Barron's
1. Santa Ana winds increase wildfire risks in Los Angeles regions. 2. At least 24 dead; fires destroyed over 14,000 acres and many homes. 3. Insurers may face $20-25 billion in insured losses. 4. Some insurers showed resilience amid wildfire risks on Tuesday. 5. Analysts suggest insurers could raise premiums to offset losses.