The damage and economic-cost estimates for the wildfires in Los Angeles are in the hundreds of billions, a bill that will be split among local and federal governments, insurers, and residents.
As of Tuesday, LA authorities reported that 24 people had died and over 12,300 structures had been destroyed. Meanwhile, more than 40,000 acres have burned, displacing residents and leveling neighborhoods. High winds expected this week have firefighters racing to contain the blazes.
And as the damage increases, so does the price tag.
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