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California Wildfires Expected to Speed Digital Payout Adoption for Insurance Industry

Written by The One Inc Content Team | Jan 14, 2025 1:00:00 PM

The wildfires have leveled neighborhoods, schools and stores, and the insured losses are estimated to top more than $20 billion, with an additional $60 billion in economic losses. The latest natural disaster represents another challenge to the state, where insurance companies have been boosting their rates or pulling out of the market entirely.