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The California wildfires continue to become "politicized"! Trump seizes the opportunity to attack his political opponents: they had the chance to protect the forests.
① Southern California in the USA continues to face wildfires, with limited progress in firefighting efforts. Trump criticized California Governor Newsom for not adequately protecting forests, claiming that the Los Angeles area is "left desolate." ② There are a total of 105 wildfires across California, with areas burned exceeding 163 square kilometers, 12,300 buildings destroyed, and 0.15 million residents evacuated in Los Angeles County.
The losses from the wildfires in Los Angeles have expanded, leading to a significant sell-off of Insurance stocks.
The ongoing devastation of wildfires in Los Angeles has put tremendous financial pressure on the Insurance Industry, with several insurance companies experiencing significant stock price declines. As the losses from the fires continue to escalate, issues related to insurance payouts and liability allocation will become the focus of market attention.
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