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🔥 California wildfires: a disaster that shocks residents and the market!
We're all surely watching the intense wildfires in Los Angeles - some of the most destructive and costly in history. California. These fires have not only affected residents, but also the stock markets.
Insurance companies under pressure:
Major insurance companies such as Allstate $ALL, Travelers $TRV, Chubb ...
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Those pics/videos look scary, so hopefully it will stop soon. From what I've read and looked at so far, the biggest impact should be on those utilities, as mentioned.