Los Angeles wildfires projected to cause damages from $52 billion to $57 billion

World News

1 year ago

News sources:

Credited from: BUSINESSINSIDER

The **Los Angeles wildfires** may lead to damages between **$52 billion and $57 billion**, according to early estimates from Accuweather.
These fires are impacting some of the **most expensive properties** in the U.S., particularly in **Santa Monica and Malibu**, where home values exceed **$2 million**.
Several celebrities, such as **Paris Hilton**, have been evacuated, with significant **economic losses** expected in tourism and health sectors due to smoke inhalation.
Accuwether states that this disaster is likely to be one of the **most costly wildfires** in California's modern history.
High winds are complicating emergency services, with recent reports of evacuations affecting around **100,000 people**.

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