Moody's: Calif. Fire Loss May Hit $3.5 Billion

By Mark E. Ruquet

NU Online News Service, Nov. 12, 4:20 p.m.EST?Two rating agencies said they expect losses from theCalifornia wildfires to exceed the $2 billion estimate previouslyplaced on them, while a California insurance trade group said ithas no reason to change earlier estimates.

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