Los Angeles wildfires have caused significant disruptions to the television and entertainment industry, halting productions and forcing evacuations. CBS News reports on the wide-reaching impact of the ongoing blaze on Hollywood.
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Natural disasters are forcing insurance companies to face unprecedented claims, raising concerns about their financial stability. Experts warn that escalating losses could push some insurers to the brink of collapse.
Economic losses from the recent L.A. wildfires may exceed $50 billion, potentially ranking them among the costliest natural disasters in U.S. history, officials report. Recovery efforts face significant financial challenges.