California races to contain two wildfires in Los Angeles, taking advantage of the easing of the Santa Ana winds which reached hurricane force earlier in the week.
Full story: https://www.rappler.com/world/us-canada/los-angeles-wildfires-updates-january-12-2025/
Full story: https://www.rappler.com/world/us-canada/los-angeles-wildfires-updates-january-12-2025/
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00:00California races to contain two wildfires in Los Angeles, taking advantage of the easing
00:05of the Santa Ana winds, which reached hurricane force earlier this week.
00:09At least 24 have been killed in the fires, which destroyed thousands of homes and forced
00:14100,000 to evacuate.
00:16Officials say 12,000 structures have been damaged or destroyed.
00:20California Governor Gavin Newsom says the fires are likely to be the worst natural disaster
00:25in U.S. history in terms of just the costs associated with it.
00:28Private forecaster AccuWeather estimates the damage and economic loss at $135 to $150 billion.
00:36Meantime, L.A. residents are concerned about the adequacy of their insurance coverage following
00:40the devastating fires.
00:43Insurance companies face scrutiny over their ability to handle claims, with fears that
00:46some may go bankrupt and the future premiums will rise significantly.