Devastating wildfires in Southern California have caused widespread destruction, leaving thousands of structures damaged or destroyed.
A recent Wells Fargo analysis estimates insured losses could surpass $30 billion, potentially reaching as high as $40 billion.
This staggering figure includes homeowner's insurance, commercial property, and personal auto losses, impacting numerous people.
These wildfires, impacting major population centers, are projected to be the costliest in California history, exceeding previous records.
