Moody’s Ratings California Property & Casualty Insurance, Commercial Property Insurers Amid Wildfire Disaster (MCY:NYSE)

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Strong winds are sparking multiple fires throughout the Los Angeles area

Abu Gomez/Getty Images News

Los Angeles-area wildfires, which destroyed some of the country’s most expensive real estate, have claimed at least 16 lives. That number is likely to rise as investigators comb through the wreckage.

For property and casualty insurance companies, disaster is



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