Los Angeles wildfires cost Lloyd’s of London $2.3bn

eNCA

Lloyd’s of London faces $2.3 billion financial hit from Los Angeles wildfires in January. Impact on 2025 results still being assessed. Fires burned for three weeks, causing evacuations and destroying structures in Pacific Palisades, Malibu, and Altadena. AccuWeather estimates total damage at $250-275 billion. Lloyd’s of London reports pre-tax profits of $11.4 billion for 2024.

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