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Billions in damage and costs projected from California wildfires


Devastating fires in Los Angeles County destroyed over 1,100 structures, with potential damages estimated near $10 billion. The Palisades Fire, one of the largest, had burned more than 15,000 acres while the Eaton Fire had burned 10,600 acres and over 200 structures. At least five people were reported dead. The financial losses were expected to be significant due to the high value of homes in the affected areas. The Camp Fire in 2018, the deadliest in the state’s history, caused approximately $15 billion in economic losses.

The recent increase in destructive wildfires in California has been linked to climate change, with 13 of the top 20 most destructive wildfires occurring in the last seven years. High winds, drought, and the influx of homes into wildlands have exacerbated the situation. Experts emphasize the need for comprehensive wildfire risk strategies to address the escalating challenges of wildfire management.

The rising costs of insurance and concerns about rebuilding after such devastating fires are central issues in California, similar to the situation in Florida with major hurricanes. These events highlight the broader discussion on the economic impacts of natural disasters and the need for proactive measures to mitigate their effects.

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www.usatoday.com

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