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Munich Re estimates overall losses from the LA wildfires at around $53 billion, with $40 billion insured.

The insurer experienced record growth and capital strength as it entered its 100^th year in business.

The disclosures will be required for policies issued on or after October 1, 2026.

Among impacted drivers, 73% say the problem has gotten worse over the last decade.

Unlike the eastern U.S., California and many Western states receive most of their water between October and April before the dry season begins.

The carrier is aiming for one of the largest single-year expansions in its 95-year history.