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L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill. - MarketWatch

1. Analysts estimate over $20 billion in insurance losses from LA wildfires. 2. Total wildfire-related losses could exceed $50 billion according to J.P. Morgan. 3. Accuweather raises economic loss estimates to $135-$150 billion from $52-$57 billion.

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FAQ

Why Very Bearish?

The increased loss estimates severely impact insurance sectors, similar to past natural disasters.

How important is it?

Severe financial implications for multiple industries, especially insurance, enhance its significance.

Why Long Term?

Ongoing losses and potential policy changes will affect the industry long-term.

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