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Lloyd’s of London forecasts $2.3bn losses from LA wildfires

  • Lloyd's of London reported a financial hit of about $2.3 billion from the Los Angeles wildfires that occurred earlier this year.
  • The wildfires, which affected Los Angeles, lasted for three weeks and forced thousands to evacuate their homes.
  • AccuWeather estimated that the total damage and economic loss from the wildfires is between $250 billion and $275 billion.
  • Munich Re also reported losses of about $1.3 billion due to the wildfires and stated it is prepared to absorb such costs.
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  • 41% of the sources are Center
41% Center
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Los Angeles Times broke the news in Los Angeles, United States on Monday, March 10, 2025.
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