Insurance Industry Could Lose $8B In Wildfires

Economic losses due to wildfires could top $13 billion.
Posted at 9:03 AM, Nov 12, 2020

We've seen the devastation caused by the wildfires in states like California, Colorado and Oregon.

But now we're getting an idea of how much recovery could cost.

According to a report by the insurance broker, Aon, the insurance industry could lose around $8 billion  because of wildfires. And economic losses could be more than $13 billion.