Cloud 9fin How are the Southern California wildfires impacting LevFin?
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Jan 22, 2025 Southern California wildfires are wreaking havoc on leveraged finance, with estimated insured losses surpassing $20 billion. Industries are bracing for impact, especially utilities facing liabilities, which could strain fire insurance funds. The media sector, however, shows surprising resilience amid the challenges. Dive into the financial ramifications and learn about tools like wildfire trackers for staying informed.
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Wildfire Impact on Leveraged Finance
- Southern California wildfires impact leveraged finance borrowers across several sectors.
- The most affected sectors include utilities, media, entertainment, and healthcare.
Record-Breaking Losses
- Insured losses from the current wildfires exceed $20 billion, double the 2018 Camp Fire losses.
- The current wildfire is one of the costliest natural disasters in recent history.