• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home World

Los Angeles Wildfires Cost Up To $164 Billion In Property And Capital Losses: Report

OMMCOM NEWS by OMMCOM NEWS
February 6, 2025
in World

Los Angeles: The two largest wildfires that recently ravaged Los Angeles County may have caused total property and capital losses of as much as 164 billion US dollars, according to a new report.

The report published on Tuesday by the University of California, Los Angeles (UCLA) suggests total property and capital losses caused by the Palisades and Eaton fires could range between 95 billion dollars and 164 billion dollars, with insured losses estimated at 75 billion dollars.

The report, authored by UCLA Anderson Forecast economists Zhiyun Li and William Yu, predicts a 0.48-percent loss in county-level GDP for 2025, amounting to approximately 4.6 billion dollars, and a total wage loss of 297 million dollars for local businesses and employees in the affected areas, reports Xinhua news agency.

“Without substantial and effective wildfire mitigation efforts and investments, Californians will face increasingly higher insurance premiums and growing health risks from wildfire-related pollution,” said the report, adding that Los Angeles housing markets, “in particular for rental units, will become increasingly unaffordable.”

UCLA Anderson Forecast is one of the most widely watched and often-cited economic outlooks for California and the nation, according to UCLA Anderson School of Management’s website.

Last month, Los Angeles County, the most populated county in the United States, experienced the most catastrophic wildfires in its history. The two deadly major wildfires killed at least 28 people and destroyed over 16,000 structures. The Palisades and Eaton fires scorched over 23,700 acres (95.9 square km) and 14,000 acres (56.7 square km), respectively.

Additionally, the devastating wildfires that began sweeping through Southern California on January 7 have left the region’s education system reeling, with over a dozen schools severely damaged or destroyed.

As school officials begin the daunting task of rebuilding, they face an estimated cost of hundreds of millions of US dollars, with recovery expected to take years.

At least 12 schools in Los Angeles County have suffered significant damage, with five campuses destroyed, according to CalMatters, a nonprofit news organisation focusing on local agendas in California. Los Angeles Unified School District, the nation’s second-largest school system, lost two elementary schools in Pacific Palisades, while Palisades Charter High School was heavily damaged. In Pasadena and Altadena, three additional elementary schools were destroyed.

(IANS)

Tags: Los Angeles (UCLA)University of CaliforniaWildfires
ShareTweetSendSharePinShareSend
Previous Post

Odisha CM Urges Officials To Expedite Grievance Process Or Face Disciplinary Action

Next Post

Assam Generating 24 MW Solar Energy Under PM Surya Ghar Muft Bijli Yojana: CM Sarma

Related Posts

World

European Commission President Ursula Von Der Leyen Faces Two No-Confidence Votes

October 6, 2025
World

After Canada Crackdown, Intelligence Flags UK As Operational Base For Khalistan Modules

October 6, 2025
World

US, Japanese Scientists Awarded 2025 Nobel Prize For Medicine For Discovery On Immune System

October 6, 2025
French Prime Minister Sebastien Lecornu
World

French PM Sebastien Lecornu Resigns After Few Weeks In Office

October 6, 2025
World

Death Toll Rises To 53 In Indonesia’s School Collapse, Search Efforts Continue

October 6, 2025
World

Indian Agencies Track Bangladesh Army’s Increasing Alignment With ISI-Backed Elements

October 6, 2025
Next Post

Assam Generating 24 MW Solar Energy Under PM Surya Ghar Muft Bijli Yojana: CM Sarma

TN School Board Exams: Minister To Meet Chief Education Officers For Final Preparations

Australian Researchers Produce First Kangaroo Embryos Through IVF

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.