Los Angeles fire
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US property and casualty insurance stocks fell in premarket trading today after wildfires continued to devour thousands of buildings in Los Angeles. Insurers are expected to face catastrophe-related claims worth billions of dollars from the disaster, which analysts estimate will be the costliest ever in California. “We expect insured losses to run well into the…
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Fire agencies are investigating the possibility that Southern California Edison’s utility infrastructure sparked one of the wildfires that is still raging in Los Angeles. The Hurst fire, which currently some 771 acres and 70% contained, has been raging since Tuesday. SCE, a unit of Edison International, said in a filing to its regulators that a…
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Firefighting plane struck by drone while responding to blaze A firefighting plane that was working over the area of the Palisades Fire has been struck a drone, the Federal Aviation Administration has said. The aircraft landed safely and the incident is being investigated by the FAA. It is a crime to interfere with firefighting efforts…
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Some new lines are now coming from the White House, with Joe Biden vowing the government will cover the full cost of firefighting in LA for the next 180 days. NBC News reports tht the president said Governor Gavin Newsom requested an increase in funding this morning. Viral videos available online show the moment Mr…
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