Insurance Industry Could Lose $8B In Wildfires

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Insurance Industry Could Lose $8B In Wildfires
Economic losses due to wildfires could top $13 billion.
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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.