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...