Home Finance Los Angeles Wildfires Loss Estimate Now Up to $150B as Death Toll Rises
Los Angeles Wildfires Loss Estimate Now Up to $150B as Death Toll Rises

Los Angeles Wildfires Loss Estimate Now Up to $150B as Death Toll Rises

by biztrendz

KEY TAKEAWAYS

  • The total damage and economic loss attributed to the Los Angeles-area wildfires is estimated at between $135 billion and $150 billion, according to updated AccuWeather figures.
  • At least 10 people have died from the wildfires, according to the County of Los Angeles Department of Medical Examiner.
  • The wildfires, which started Tuesday, have damaged or destroyed more than 9,000 structures and at least 130,000 residents are under evacuation orders, according to the Los Angeles Times.
  • The Warner Bros. Studio Tour Hollywood and Paramount Pictures Studio Tour said they will remain closed Friday through Sunday.

The total damage and economic loss attributed to the Los Angeles-area wildfires is estimated at between $135 billion and $150 billion, according to updated AccuWeather figures.

The updated loss figures from AccuWeather, provided Thursday evening, mark a big jump from the between $52 billion and $57 billion the private forecaster estimated the previous day.

At least 10 people have died from the wildfires, according to the County of Los Angeles Department of Medical Examiner.

The wildfires, which started Tuesday, have damaged or destroyed more than 9,000 structures and at least 130,000 residents are under evacuation orders, according to the Los Angeles Times.

Several popular tourist attractions have closed. The Warner Bros. Studio Tour Hollywood and Paramount Pictures Studio Tour said they will remain closed Friday through Sunday. Universal Studios Hollywood said it and Universal CityWalk “will resume regular operating hours.”

NFL Moves Playoff Game to Arizona

The NFL said that “in the importance of public safeness,” the Minnesota Vikings-Los Angeles Rams wild-card game on Monday night now will take place at State Farm Stadium in Glendale, Ariz., rather than SoFi Stadium in Inglewood, Calif.

The wildfires come just months after State Farm, California’s largest property insurer, began allowing thousands of policies to lapse. Several other major insurers, including Allstate (ALL), Travelers (TRV), and Chubb (CB), have also changed their offerings in the state to limit exposure to natural disasters.

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