Wildfire burning through Southern California/Photo credit: ABC
The Pacific Palisades and Eaton fires that have been devastating Los Angeles since last week remain out of control, “as meteorologists warn of a ‘perfect storm’ of dire weather conditions,” according to news.com.au.
The weather conditions are so dire that air quality in the Los Angeles region has plummeted due to smoke from the ongoing fires – which have killed 24 people so far and caused billions of dollars worth of damage. Almost 200,000 people have been displaced and around 12,000 structures have been destroyed, along with 35,000 acres of land.
Throughout the destruction caused by the wildfires, the number of looters caught picking through abandoned homes has soared, with one found dressed as a firefighter while robbing evacuated locals. Firefighters have been battling to get on top of the fires as winds recently ramped up, pushing the blazes toward previously untouched neighborhoods.
Despite their best efforts, including precision water drops from aerial crews, the Palisades Fire continued to grow, moving east towards the priceless collections of the Getty Center art museum and north to the San Fernando Valley.
“Critical fire-weather conditions will unfortunately ramp up again today for southern California and last through at least early next week,” the National Weather Service predicted Tuesday. “This may lead to the spread of ongoing fires as well as the development of new ones.”
According to the Marketplace podcast, early estimates suggest that $50 billion in economic damage has already been done, which could lead to insured losses of $20 billion. Benjamin Keys, a professor of real estate and finance at the University of Pennsylvania’s Wharton School, spoke to the podcast host Amy Scott about the massive impact on the California Insurance market in an interview.
“California’s insurance market has been very tightly regulated for a long time, and that’s made the market generally favorable for consumers, but climate change-induced disasters in recent years have really stressed that system,” Keys said.
One celebrity whose home is “still standing” after the environmental and economic disasters of the Los Angeles fires is James Woods, who initially believed that his home was incinerated like thousands of others and was forced to evacuate with the clothes on his back, along with the rest of his family. USA Today wrote that Woods posted a video to show all the structures that have disappeared near his residence, including his neighbors’ homes.
“We managed to get our property and our home, that we were told is gone forever, is still standing,” Woods wrote on his X account. “In the hellish landscape ‘standing’ is relative, but smoke and other damage is not like the utter destruction around us.”
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