Allstate boosts losses from L.A. County wildfires to $2.4 billion
Allstate this week became the first insurer to raise its estimates of property losses from last month’s wildfires in Los Angeles County, projecting $2.47 billion in losses. The new estimate is nearly $500 million higher than the $2 billion the Northbrook, Ill.-based insurer projected earlier this month. Since the fires swept Los Angeles County communities on…
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