Los Angeles fire damage estimate of 150 billion dollars – Mehr news agency RCO News Agency

According to Mehr news agency, citing Al Jazeera, it is estimated that the Los Angeles fire is one of the most costly disasters in the history of the United States, whose damage has been estimated at more than 135 billion dollars, and according to reports, this damage will easily reach 150 billion dollars. .

A report released by the U.S. weather forecasting service firm, AccuWeather, indicates that total damages from the Los Angeles fires could be between $135 billion and $150 billion, indicating a significant impact on an area that has some of the most expensive real estate in the United States. It has its own place.

Financial services companies such as Morningstar and JP Morgan have predicted losses of more than $8 billion for insurance companies. More than 5,300 structures were destroyed in the Palisades fire, while the Eaton area fire destroyed more than 5,000 more.

Despite the efforts of the American authorities to control the fire, the estimate of the full amount of damages is still not known, and “Jonathan Porter”, the chief meteorologist of AccuWeather Institute, has described this disaster as one of the most expensive fire disasters in the modern era.

Due to the high value of real estate in the affected areas in Los Angeles, experts have predicted that these fires will be among the five costliest disasters in the world so far.

This fire is the worst forest fire in the history of Los Angeles, and US President Joe Biden called it the largest and most destructive forest fire in the history of California and emphasized that climate change is a reality.

Biden, who has declared the highest disaster level in California, met with top officials Thursday afternoon to discuss the federal government’s response to the Los Angeles fires.

The Los Angeles coroner’s office said in an update late Thursday that the death toll from the blaze has risen to 10, though Los Angeles officials are reluctant to comment on the exact number of deaths from the fire at this time. .

Local authorities in California announced on Thursday that about 400 National Guard troops have been mobilized to fight the raging fires that have engulfed Los Angeles for three days.

Gavin Newsom, the Democratic governor of California, said Wednesday evening that more than 7,500 firefighters, some from other states, were battling the unprecedented blazes.

Some believe the fires were caused by electrical sparks, as California has a long history of wildfires caused by electrical wires tripping in high winds.