LA wildfire damages set to cost record $135bn

Quick Summary:

Some of the most expensive properties in the US have been wiped out by the fires.

Aon said the high property values in this case mean it is likely to end up as one of the top five costliest wildfires on its list.

Fire authorities say more than 5,300 structures have been destroyed by the Palisades blaze, while more than 5,000 structures have been destroyed by the Eaton Fire.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Fire Losses Insurance Been Costliest Property Fires Angeles Wildfires Insured

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 02:52:17 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 25078710

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