The LA wildfires may cost up to $57 billion in damages and losses, Accuweather said in an early estimate.Nick Ut/Getty ImagesThe Los Angeles wildfires could cause up to $57 billion in damage, Accuweather estimates.The fires are destroying expensive real estate in Santa Monica, Malibu, and other neighborhoods.Insurance providers like State Farm pulled new coverage before the fire due to catastrophe risks.The Los Angeles wildfires could cost between $52 billion and $57 billion in damages and economic losses, according to a preliminary estimate from weather forecasting service Accuweather.The wildfires tearing through Santa Monica and Malibu, among other areas, are destroying some of the country's most expensive real estate, where median home values exceed $2 million, Accuweather said in a release on Wednesday.
La Fires Could Hit $50 Billion Or More In Damages. They're Shaping Up To Be The Most Expensive In State History.
shubhangigoel@insider.com (Shubhangi Goel), Business Insider
Wed, 01/08/2025 - 9:53pm
Topics: nick ut/getty imagesthe los angeles los angeles pacific palisades paris hilton mark hamill james woods porter accuweather camp fire paradise califronia german munich re daniel swain ucla lalist business insider la accuweather los angeles santa monica malibu state farm california fires hit billion damages expensive history homes company cost losses insurance destroyed smoke destroying told reported real pulled services providers coverage early estimate areas
BING NEWS:
- LA fires could hit $50 billion or more in damages. They're shaping up to be the most expensive in state history.
"This is likely to end up being one of the most expensive wildfires in modern California history," said AccuWeather's chief meteorologist.
01/8/2025 - 4:34 pm | View Link - A ‘worst-case’ scenario: How giant insurance losses from L.A. fires could affect all Californians
As Los Angeles confronts a series of wildfires some experts say could be the most expensive in California history, the state’s beleaguered insurance industry also faces the possibility of further ...
01/8/2025 - 3:58 pm | View Link - 2 charts show the LA neighborhoods hit by wildfires were left exposed by recent insurance rollbacks
See which LA neighborhoods on fire were most affected by the state's largest insurer's recent coverage rollback.
01/8/2025 - 9:50 am | View Link - Los Angeles Fires to Top $50 Billion in Damage, AccuWeather Says
The wildfires raging out of control around Los Angeles will likely cause between $52 billion to $57 billion in damages and economic loss, according to a preliminary estimate by AccuWeather Inc.
01/8/2025 - 8:24 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more