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Friday, January 10, 2025

10 Dead, 10,000 Structures Burned In Los Angeles Area Inferno As Fire Damage Could Exceed $150 Billion

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10 Dead, 10,000 Structures Burned In Los Angeles Area Inferno As Fire Damage Could Exceed $150 Billion

Fires raging across the Los Angeles area entered their fourth day, killing at least ten people, forcing the evacuation of 180,000 residents, and destroying more than ten thousand structures. Preliminary estimates place damages and economic losses up to $150 billion.

As of Friday morning, five fires are burning across the LA County area. The largest, the Palisades Fire, has scorched 20,000 acres and is considered “one of the most destructive fires in the history of Los Angeles,” according to the LA fire chief on Thursday. Meanwhile, the Eaton Fire has burned 14,000 acres. The newest fires are Kenneth and Hidden Hills, which expanded in the overnight hours.

Summary of the five fires (courtesy of CBS News):

  • The Palisades Fire in Los Angeles has killed two people and grown to cover over 31 square miles, likely destroying thousands of structures, according to fire officials. It was 6% contained as of late Thursday night.

  • The Eaton Fire, in the hills above Altadena in northern Los Angeles County, has killed three people and burned more than 21 square miles. Between 4,000 and 5,000 structures were believed to have been destroyed or damaged. Cal Fire reported zero percent containment as of Thursday night.

  • The Kenneth Fire ignited in the Woodland Hills neighborhood of Los Angeles on Thursday and covered 960 acres with zero percent containment as of Thursday night, according to Cal Fire.

  • The Sunset Fire, which erupted Wednesday in Hollywood Hills, prompted a new round of mandatory evacuations and threatened iconic landmarks. By Thursday, all evacuation orders for the fire were lifted and the blaze had been fully contained, according to officials.

  • The Hurst and Lidia fires scorched at least 771 acres and 394 acres, respectively, Cal Fire said. The Hurst Fire was 37% contained and the Lidia Fire was 75% contained as of Thursday night.

Fire Map 

About 180,000 LA County residents were under evacuation orders, and nearly 200,000 residents were under evacuation warnings, the county’s Office of Emergency Management stated. In the mandatory evacuation areas, 60,120 structures were at high fire risk, while 61,288 structures were at moderate risk in areas affected by evacuation warnings.

Over 10,000 structures, including homes, businesses, and smaller buildings such as RVs and sheds, have been destroyed this week in the out-of-control blazes. 

Before-and-after satellite images from Maxar Technologies show the devastating impacts of the fires. Entire neighborhoods were burned to the ground. 

Before/After 

Other apocalyptic scenes:

The National Weather Service extended a red flag warning until late Friday evening for much of LA and Ventura counties. High winds this week have been one of the main drivers of spreading the flames. 

While corporate leftist media blames ‘climate change’ for the wildfires, there is reason to believe that epic mismanagement by LA Mayor Karen Bass and Gov. Gavin Newsom contributed to the fire disaster. 

Then there’s this…

More reports of arson:

Reports of criminal gangs targeting mansions…

The latest AccuWeather estimate for the total damage and economic loss in LA County has surged to a staggering $135 billion to $150 billion, a massive increase from Wednesday’s estimate of $52 billion to $57 billion.

Meanwhile, the insurance industry is also bracing for a significant hit, with JP Morgan analysts forecasting insured losses …

“Expectations of economic losses stemming from the fires have more than doubled since yesterday to closer to $50 billion, and we estimate that insured losses from the event could exceed $20 billion (and even more if the fires are not controlled).

“This would make this event significantly more severe than the 2018 Butte County Camp fires, the highest insured loss wildfires in California’s history previously (with insured losses of roughly $10 billion). Insured losses in the Butte Camp fire were close to two-thirds of economic losses (about $15 billion). That event impacted over 150,000 acres and affected over 18,000 houses/buildings.

“While the current wildfires haven’t affected as much acreage or as many houses/buildings (thus far), more of the damage is concentrated in the affluent Pacific Palisades area, which has high value residential homes (median home price >$3 million versus <$500k in Butte County). Moreover, the fires have not been contained thus far and continue to spread, implying that estimates of potential economic and insured losses are likely to increase.”

Catosphere bond news website Artemis noted, “We are still a long way off any loss estimates based on actual damage information, given the still-unfolding disaster situation in Los Angeles County.”

What an epic disaster for Democrats, who can no longer hide behind climate change to deflect from their mismanagement and horrendous policies. The pain endured by folks who lost everything, as comedian Adam Carolla suggests, could turn some of Hollywood’s wokest and leftist elites into Republicans – well, at least in local elections.

And it begins. 

*Developing 

Tyler Durden
Fri, 01/10/2025 – 10:22

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