Wildfires cost insurers $1bn and rising
Wildfires that have been tearing through Southern California for five days have cost insurers more than $1bn in losses so far, according to catastrophe modelling company Eqecat.
Losses are expected to spiral until the winds die down and firefighters can contain the fire. According to modelling company AIR Worldwide, the high pressure system is expected to be replaced by a new
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