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JPMorgan Chase, U.S. Bancorp and others shut some branches as wildfires tore through the suburbs of Los Angeles.
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The potential cost for insurers of the devastation caused by the Los Angeles wildfires is now expected to surpass $20 billion ...
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An analysis by J.P. Morgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.