(Reuters) -British insurer Lancashire Holdings said on Thursday it expects losses of between $145 million and $165 million related to the California wildfires. The ring of wildfires that devastated Los Angeles in January is expected to hit insurers with estimated losses as high as $20 billion,

Major insurers face billions of dollars in losses from the Los Angeles wildfires, they said this week, despite dropping clients in California before the catastrophe. AIG and Allstate and are among the national insurers that warned of losses even after they cut their exposure to the state in recent years.