LA wildfires caused up to $53.8 billion in property damage, new report says

Property damage from the January wildfires in Los Angeles County, including the Eaton and Palisades fires, is estimated at between $28 billion to $53.8 billion, according to a report published Thursday.

The report commissioned by the Southern California Leadership Council and the LA County Economic Development Corporation studies a broad range of economic impacts of two of the most destructive wildfires on record in California. The report examines destruction and economic loss caused by the fires and offers data-driven recommendations to guide recovery efforts...