The UCLA economists’ highest estimate — equivalent to more than three times LA County’s annual budget — would rank the wildfire toll second only to Hurricane Katrina, which swept through New Orlean…
FILE – The devastation from the Palisades Fire is visible in the Pacific Palisades neighborhood of Los Angeles, Jan. 27, 2025. in January range from $95 billion to $164 billion, according to a new report, potentially making the blazes the second-costliest natural disaster in US history., which both erupted Jan. 7, killed at least 29 people, charred more than 37,000 acres and destroyed 16,000 structures, including 11,000 single-family homes.
The costs from the blazes are exacerbating an insurance crisis in California after many large companies had dropped coverage, leaving some homeowners without enough funds to rebuild. The state, meanwhile, is working to secure more federal aid. Democratic Governor Gavin Newsom is traveling to Washington on Tuesday for meetings, including one with President Donald Trump, according to an official briefed on the plans.
The UCLA economists’ highest estimate — equivalent to more than three times LA County’s annual budget — would rank the wildfire toll second only to Hurricane Katrina, which swept through New Orleans in 2005. That storm caused $200 billion in losses, adjusted for inflation, according to National Oceanic and Atmospheric Administration data. The most expensive California wildfire was the 2018 Camp Fire, which cost an estimated $30 billion.
The fires will likely drive up the cost of insurance, renting and other expenses of living in Los Angeles, which was increasingly unaffordable before the disasters, the report said. State Farm, the largest insurer in California, on Monday said it is seeking an emergency rate hike to help cover losses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rams vs. Philadelphia Eagles: Live updates, start time, how to watch, oddsGary Klein covers the Los Angeles Rams for the Los Angeles Times.
Read more »
Todo sobre los incendios que azotan el área de Los ÁngelesLOS ÁNGELES (AP) — Intensos incendios forestales están arrasando zonas de Los Ángeles, quemando hogares y negocios, mientras los residentes huyen entre densas columnas de humo en barrios pintorescos que son hogar de muchas celebridades.
Read more »
Defensores de árboles en Los Ángeles esperan que su trabajo se recupere de los incendiosAlgunas personas en Los Ángeles han trabajado durante años para incrementar el número de árboles que ofrecen alivio del calor y la contaminación del aire.
Read more »
Los bomberos en Los Ángeles combaten el fuego y se preparan para más vientos intensosLOS ÁNGELES (AP) — Tras un fin de semana conteniendo el crecimiento explosivo de incendios que destruyeron miles de hogares y mataron al menos a 24 personas en el área de Los Ángeles, los bomberos tuvieron un ligero respiro con un clima más calmado, pero miraban con recelo un pronóstico que...
Read more »
Se prevén más vientos que amenazarán el combate a los incendios en Los ÁngelesCamiones cisterna adicionales y gran cantidad de bomberos llegaron el lunes al área de Los Ángeles, antes de que soplen de nuevo fuertes vientos y amenacen los avances logrados hasta ahora en dos enormes incendios que han destruido miles de hogares y dejado al menos 24 muertos.
Read more »
Los bomberos luchan por controlar un gran incendio al norte de Los ÁngelesLos bomberos trataban de mantener la ventaja sobre un enorme y rápido incendio forestal que arrasó con montañas escarpadas al norte de Los Ángeles y provocó que más de 50.000 personas recibieran órdenes o advertencias de evacuación.
Read more »