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The LA fires have prompted a reckoning for the insurance industry – Australian premiums could soar as a result

  • Written by Paula Jarzabkowski, Professor in Strategic Management, The University of Queensland

A series of wildfires in Los Angeles County have caused widespread devastation in California, including at least 24 deaths and the destruction of more than 12,000 homes and structures. Thousands of residents have been evacuated, and the danger isn’t over yet.

Some estimates have put the cost of the damage and economic loss at between A$400...

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