LA Wildfires Blaze a $150B Trail

Los Angeles County wildfires are on track to become the costliest in U.S. history, with damages estimated between $135B-$150B. These infernos have claimed 11 lives and razed over 12,000 structures, including luxe neighborhoods like Pacific Palisades and Malibu. KBRA reports insured losses exceed $20B, driving up insurance rates and shaking the market. In a compassionate move, California has imposed a one-year insurance moratorium and is hosting workshops to support survivors through the fiery ordeal.