The recent California wildfires are projected to result in $20 billion in insurance claims, a record-breaking amount for the state.
This surpasses the 2018 Camp Fire's insured losses, highlighting the severity of this current disaster and the extensive damage.
The fires have destroyed countless homes and businesses, displacing families and causing immense economic disruption.
Experts warn that the total economic impact could be far greater, potentially reaching $50 billion, as the fires continue to rage.
