Los Angeles Wildfires Estimated to Cause Up to $57 Billion in Damages

Reported about 19 hours ago

AccuWeather has estimated that the ongoing wildfires around Los Angeles could result in damages and economic losses ranging from $52 billion to $57 billion. The fires, exacerbated by hurricane-force winds, are impacting high-value real estate in areas such as Santa Monica and Malibu, potentially leading to significant long-term health effects and a decline in tourism. If the destruction continues, this could become California's worst wildfire in modern history.

Source: YAHOO

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