Analysis: California Wildfires Insured Losses Will Near $10 Billion

Investors are closely monitoring insurance stocks as losses from the devastating California wildfires that erupted on Jan. 7 continue to rise. The fires have ravaged neighborhoods in Pacific Palisades, Altadena and Pasadena, destroying thousands of structures and displacing residents.Tragically, lives have also been lost. Wildfire risk is a major factor in the state's struggle to keep homeowner's insurance coverage affordable.Fueled by strong, dry Santa Ana winds, the wildfires intensified in Southern Calif ...