News
Los Angeles Fire Damage Estimated to Be $250–$275 Billion
The catastrophic Los Angeles wildfires that have reduced entire neighborhoods to piles of ash are estimated to have caused damages and economic losses between a staggering $250 billion and $275 billion, according to a report.
The deadly wildfires, which have torched more than 40,000 acres (62.5 square miles, nearly three times the size of Manhattan Island) and destroyed over 12,000 structures over the last week, is now one of the costliest natural disasters in US history, according to the latest estimate from AccuWeather — as the blazes, fueled by strong winds, continue to burn.
At least 25 people have died since the fires broke out last week.
AP