Loading...
Market
New Significant Wildfire Outbreaks in California by March 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
California Department of Forestry and Fire Protection (Cal Fire) reports
Story
LA Wildfires May Cause $57 Billion in Damages, Becoming Costliest Blaze in U.S. History
Jan 9, 2025, 05:36 PM
Wildfires engulfing large areas around Los Angeles, including the Palisades Fire and Eaton Fire, are expected to cause between $52 billion and $57 billion in damages and economic losses, according to preliminary estimates by AccuWeather. Analysts, including JPMorgan, have raised their loss estimates, with some projecting total economic losses to surpass $60 billion, making it potentially the costliest blaze in U.S. history. The fires have destroyed over 2,000 homes and businesses, impacted some of California's wealthiest neighborhoods such as Pacific Palisades and Malibu, and resulted in at least two deaths. Fierce winds are hampering firefighting efforts as the fires continue to rage out of control. Insurance companies are preparing for potential losses exceeding $20 billion.
View original story
Similar markets
No • 50%
Yes • 50%
Palisades • 25%
Malibu • 25%
Other • 25%
Brentwood • 25%
2,001-2,500 homes • 25%
1,501-2,000 homes • 25%
1,000-1,500 homes • 25%
More than 2,500 homes • 25%
Human Activity • 25%
Unknown • 25%
Climate Change • 25%
Natural Causes • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Unknown • 25%
Other • 25%
Human activity • 25%
Natural causes • 25%
Yes • 50%
No • 50%
Natural causes • 25%
Climate change • 25%
Poor land management • 25%
Human activity • 25%