The remains of townhomes destroyed by the Eaton Fire lie behind an advertising sign in Altadena, California.
Photo: Frederic J. Brown / AFP
Source: AFP
The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a region already abandoned by many insurers.
Analysts at JPMorgan estimated that the total cost of damage and insured damage had doubled in less than 24…
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