Damage Estimates Top $50 Billion In LA Wildfires

Many of the nation’s big insurance companies are closely monitoring the deadly Southern California wildfires. Analysts at JP Morgan put insured losses at about ten-billion-dollars.  State Farm has the largest market share with eight million policies. Farmers runs a close second with Travelers, Allstate, Chubb and USAA all in the top ten for the state.  The Palisades Fire that has ravaged the Los Angeles area has burned over 17-thousand acres since erupting Tuesday.  Three of the biggest wildfires now raging in the area remain zero percent contained.