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February 6, 2025 12:38 PM

Los Angeles wildfires cost up to $164 billion in property and capital losses: Report

The two largest wildfires that recently ravaged Los Angeles County may have caused total property and capital losses of as much as 164 billion US dollars, according to a new report. The report published on Tuesday by the University of California, Los Angeles (UCLA) suggests total property and capital losses caused by the Palisades and Eaton fires could range between 95 billion dollars and 164 billion dollars, with insured losses estimated at 75 billion dollars. The report, authored by UCLA And...

January 13, 2025 10:14 AM

Los Angeles races to contain wildfires before severe winds return as death toll rises to 24

Firefighters raced to contain the frontiers of two Los Angeles wildfires that burned for the sixth straight day on Sunday, taking advantage of a brief respite in hazardous conditions before high winds were expected to fan the flames anew. At least 24 people have died in what California Governor Gavin Newsom said could be the most devastating natural disaster in U.S. history, one that has destroyed thousands of homes and forced 100,000 people to evacuate. Flames have reduced whole neighborhoods...

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Last Updated: 9th Feb 2025