Los Angeles wildfires projected to cause $150 billion in damages, insurance industry braces for impact

Asianet Newsable

Asianet Newsable

Summary

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The devastating wildfires which have hit Los Angeles and other parts of southern California could be one of the costliest natural disasters in US history.
Deutsche Welle
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In just 24 hours, AccuWeather revised its damage estimates for the fires from $57 billion to a staggering $150 billion, highlighting the massive economic toll of the catastrophe.
Asianet Newsable
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The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.S., home to Hollywood A-Listers and multimillion dollar mansions.
The Gazette
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Those losses would exceed the damage from the 2018 Camp Fire, the costliest blaze in U.S. history.
CNBC

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