Los Angeles Wildfires Impact Market
This is a Los Angeles' news story, published by Investor's Business Daily, that relates primarily to Kenneth news.
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ongoing Los Angeles firesInvestor's Business Daily
•Science
Science
California Wildfires Update: Insurance Stocks Dive As Loss Estimates Double
87% Informative
The Palisades fire is the worst fire in Los Angeles' history.
The Eaton fire in the San Gabriel mountains of northeast Los Angeles county had burned more than 13,000 acres and destroyed as many as 5,000 buildings in the cities of Altadena and Pasadena .
At least three other fires are currently burning in the region, including the Kenneth fire in Woodland Hills in the western San Fernando Valley .
State Farm declined to renew thousands of policies in the state over the past year .
Mercury Insurance dropped 6.5% on Wednesday and opened to a 21% loss on Friday .
Travelers earned a double-upgrade from Goldman Sachs on Wednesday , to buy from sell.
Hamilton Insurance was an IBD Stock of the Week in December .
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