Lloyd's of London said on Monday it expected $2.3 billion in net losses caused by the recent Los Angeles wildfires, as the insurance marketplace reported a dip in underwriting profit for last year. The estimated loss from the wildfires in January,

The Lloyd’s insurance and reinsurance market has announced a $2.3 billion net loss estimate for the Los Angeles wildfires, as the market reports another

Insurance market Lloyd's of London on Monday said it had taken a financial hit totalling about $2.3 billion from the Los Angeles wildfires earlier this year.

Insurance market Lloyd's of London on Monday said it had taken a financial hit totaling about $2.3 billion from the Los Angeles wildfires earlier this year.