LA wildfires among costliest in US history

The Los Angeles wildfires are on track to be among the costliest in US history, with losses already expected to exceed $50bn (£40bn).In a preliminary estimate, private forecaster Accuweather said it expected losses of between $52bn and $57bn as the blazes rip through an area that is home to some of the most expensive property in the US. The insurance industry is also bracing for a major hit, with analysts from…