Moody’s RMS Event Response has estimated insured losses for the Los Angeles wildfires to date will likely range between $20bn and $30bn, which is below some of the preliminary ranges published elsewhere in recent days.

The latest wildfires in Los Angeles might have been unique in their scope, but a combination of regulatory constraints, dry weather, and structural neglect played a role in just how destructive the blazes were, and how large the resulting economic losses are shaping out to be, industry executives told The Insurer .

Sompo and its foundation arm have announced that they will donate $100,000 across two grants to help provide disaster relief for the Southern Californian wildfires.

Gallagher Re has upped its expected loss range for the Southern California wildfires to $20bn to $30bn, with the portion ceded to reinsurers potentially in the mid-to-high single-digit billions of dollars.

The age of homes burnt, smoke damage, inflation and the California Fair Plan are variables in the losses from the Los Angeles wildfires, according to Tom Larsen of CoreLogic, which has released a $35bn to $45bn estimate of insured loss.

Property analytics firm CoreLogic has preliminarily estimated a residential and commercial insured loss for the Eaton and Palisades fires in Los Angeles of between $35bn and $45bn.

With a growing expectation that the Los Angeles wildfires will go through the California Fair Plan’s reinsurance protection, focus is increasing on a cat program which The Insurer can reveal has more than 60 participants spanning the US, Bermuda, Lloyd’s/London and international markets.

State Farm will offer homeowners policy renewals for another term and pause non-renewals for those who were on the books on 7 January and were affected by the Los Angeles wildfire outbreak.

California insurance commissioner Ricardo Lara has expanded a moratorium preventing insurance cancellations and non-renewals to tens more zip codes adjoining the perimeter of the Palisades, Eaton, Hurst, Lidia, Sunset, and Woodley fires for one year starting 7 January.

A Lloyd's market share of up to 10 percent of total insured losses from the Los Angeles wildfires would still enable the 2024 year of account – which is expected to account for the majority of syndicates' exposures – to maintain profitability, Alpha Insurance Analysts has said.