European insurers take $3.5 billion hit from LA wildfires, smaller than expected

European reinsurers are swallowing $3. 5 billion in losses from the Los Angeles wildfires, a figure that’s way above early guesses but still under some of the worst projections. The insured damage, mostly from reinsurance payouts, is being carried by ten major publicly traded firms across Europe, as reported by CNBC. These companies are based mainly […] source: https://www.cryptopolitan.com/european-insurers-take-3-5b-la-wildfires/