Los Angeles county wildfires could be costliest in US history, early estimates say
Los Angeles, Jan 11: The wildfires that erupted this week across Los Angeles County are still raging, but already are projected to be among the costliest natural disasters in US history.
The devastating blazes have killed at least 11 people and incinerated more than 12,000 structures since Tuesday, laying waste to entire neighbourhoods once home to multimillion-dollar properties.
While it's still too early for an accurate tally of the financial toll, the losses so far likely make the wildfires the costliest ever in the US, according to various estimates.
A preliminary estimate by AccuWeather put the damage and economic losses so far between USD 135 billion and USD 150 billion. By comparison, AccuWeather estimated the damage and economic losses caused by Hurricane Helene, which tore across six southeastern states last fall, at USD 225 billion to USD 250 billion.
“This will be the costliest wildfire in California modern history and also very likely the costliest wildfire in US modern history, because of the fires occurring in the densely populated areas around Los Angeles with some of the highest-valued real estate in the country,” said Jonathan Porter, the private firm's chief meteorologist.
AccuWeather factors in a multitude of variables in its estimates, including damage to homes, businesses, infrastructure and vehicles, as well as immediate and long-term health care costs, lost wages and supply chain interruptions.
The insurance broker Aon PLC also said Friday that the LA County wildfires will likely end up being the costliest in US history, although it did not issue an estimate. Aon ranks a wildfire known as the Camp Fire in Paradise, California, in 2018 as the costliest in US history up to now at USD 12.5 billion, adjusted for inflation. The Camp Fire killed 85 people and destroyed about 11,000 homes.
The LA County wildfires, which were fuelled by hurricane-force Santa Ana winds and an extreme drought, remained largely uncontained Saturday. That means the final tally of losses from the blazes is likely to increase, perhaps substantially.
“To put this into perspective, the total damage and economic loss from this wildfire disaster could reach nearly 4 per cent of the annual GDP of the state of California,” AccuWeather's Porter said.
In a report Friday, Moody's also concluded that the wildfires would prove to be the costliest in US history, specifically because they have ripped through densely populated areas with higher-end properties.
While the state is no stranger to major wildfires, they have generally been concentrated in inland areas that are not densely populated. That's led to less destruction per acre, and in damage to less expensive homes, Moody's noted.
That's far from the case this time, with one of the largest conflagrations destroying thousands of properties across the Pacific Palisades and Malibu, home to many Hollywood stars and executives with multimillion-dollar properties. Already, numerous celebrities have lost homes to the fires.
“The scale and intensity of the blazes, combined with their geographic footprint, suggest a staggering price tag, both in terms of the human cost and the economic toll,” Moody's analysts wrote. The report did not include a preliminary cost estimate of the wildfire damage.
It could be several months before a concrete tally of the financial losses from the wildfires will be possible.
“We're in the very early stages of this disaster,” Porter said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Delhi polls: BJP releases second list of 29 candidates, features ex-CM's son, Kapil Mishra
New Delhi, Jan 11: The BJP on Saturday released its second list featuring 29 candidates for the Delhi Assembly polls, fielding Kapil Mishra, a former AAP leader now identified with hardline Hindutva politics, from Karawal Nagar.
It has fielded Harish Khurana, son of former Delhi chief minister Madan Lal Khurana, from the Moti Nagar constituency.
With the latest announcement, the party has so far named candidates for 58 seats of the 70-member Delhi Assembly.
The elections are scheduled to be held on February 5 and the votes will be counted on February 8.
Mishra, who replaced sitting party MLA Mohan Singh Bisht, made several speeches, denounced as inflammatory by rival parties, just before communal riots broke out in northeast Delhi in February 2020.
Sitting BJP MLA from Laxmi Nagar seat Abhay Verma will seek reelection from the same seat. He won the constituency in 2020 with a narrow margin of just over 800 votes.
Both Mishra and Verma are Purvanchalis. Two other candidates, Bajrang Shukla from Kirari and Pankaj Singh from Vikaspuri, also belong to the same community.
Delhi BJP's Mandir Prakoshth (temple cell) chief Karnail Singh is the party's candidate against sitting AAP MLA and former minister Satyendar Jain at Shakoor Basti seat.
Former Kasturba Nagar MLA Neeraj Basoya, who recently defected to the BJP from Congress, was fielded from the same seat.
Former Delhi BJP general secretary (organisation) Pawan Sharma will contest Uttam Nagar seat that he won in 2013.
Deepti Indora, Matia Mahal, Urmila Kailash Gangwar, Madipur (SC), Shweta Saini, Tilak Nagar, Priyanka Gautam, Kondli (SC), and Neelam Pahalwan from Najafgarh are the party's women candidates so far.
The list features four former MLAs and eight sitting municipal councilors.
Former mayor Shyam Sharma was fielded from the Hari Nagar seat which has a significant number of Sikh voters.
Tickets on remaining 12 tickets will likely be announced soon after discussions on seats like Delhi Cantt, Greater Kailash and Shahdara.
Party sources said former Union minister Meenakshi Lekhi was considered for the Greater Kailash seat, although she was interested in contesting from Delhi Cantt.
भाजपा की केन्द्रीय चुनाव समिति ने दिल्ली में होने वाले विधानसभा चुनाव 2025 के लिए निम्नलिखित नामों पर अपनी स्वीकृति प्रदान की है। pic.twitter.com/STdMQZZ2VM
— BJP (@BJP4India) January 11, 2025
