Fitch is out saying:
- Sgnificantly wide estimates for insured losses related to California fires with a range between $10 billion and $30 billion
- Estimates for total economic losses related to California fires range between $150 billion-$275 billion
With disasters, there is the dip in economic activity and then the recovery from the rebuild over time. However, no mistake about it this is a huge number and it is still ongoing.
