Shiftless2
Well-known member
Back to the Californian wildfires - #304 included and estimate of insured losses of $35-$45 billion and I said that was likely low. This estimate says $75 billion with total losses of $164 billion.
A new report from the UCLA Anderson Forecast suggests that the two largest wildfires that recently ravaged L.A. County — the Palisades and Eaton fires — may have caused total property and capital losses ranging between $95 and $164 billion, with insured losses estimated at $75 billion.
The report, authored by economists Zhiyun Li and William Yu, predicts a 0.48% loss in county-level GDP for 2025, amounting to approximately $4.6 billion.
The economists summarized the estimated economic impacts, acknowledging that their estimates are based on various assumptions and may be subject to future revision.
Additional highlights from the report findings:
► For full details on property loss, the impacts on home value and housing affordability, home insurance markets in California, and more, read the full report on the UCLA Anderson website.
newsroom.ucla.edu
The full report, linked here, is non-technical.
UCLA: L.A. wildfires caused as much as $164 billion in total property and capital losses
The Anderson Forecast predicts a $4.6 billion loss in county-level GDP for 2025A new report from the UCLA Anderson Forecast suggests that the two largest wildfires that recently ravaged L.A. County — the Palisades and Eaton fires — may have caused total property and capital losses ranging between $95 and $164 billion, with insured losses estimated at $75 billion.
The report, authored by economists Zhiyun Li and William Yu, predicts a 0.48% loss in county-level GDP for 2025, amounting to approximately $4.6 billion.
The economists summarized the estimated economic impacts, acknowledging that their estimates are based on various assumptions and may be subject to future revision.
Additional highlights from the report findings:
- Local businesses and employees in the affected areas could face a total wage loss of $297 million.
- Without substantial and effective wildfire mitigation efforts and investments, Californians will face increasingly higher insurance premiums and growing health risks from wildfire-related pollution.
- Los Angeles housing markets, and rental units in particular, will become increasingly unaffordable.
- All wildfire mitigation investments will be justified, considering the astronomical costs associated with wildfires.
► For full details on property loss, the impacts on home value and housing affordability, home insurance markets in California, and more, read the full report on the UCLA Anderson website.

UCLA: L.A. wildfires caused as much as $164 billion in total property and capital losses
The UCLA Anderson Forecast predicts a 0.48% loss in county-level GDP for 2025, amounting to approximately $4.6 billion.
The full report, linked here, is non-technical.