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Wildfires in LA Could Cost $10 Billion, Making Them the Priciest in U.S. History

The wildfires that have devastated parts of Los Angeles since Tuesday have claimed 16 lives by Sunday morning. These fires are not only tragic but are also projected to be among the most expensive natural disasters in U.S. history, with damages potentially reaching $10 billion. The fires have rapidly spread, fueled by dry conditions and high winds, leading to widespread destruction. The financial impact includes property damage, loss of business, and the cost of emergency response efforts.

Source: seekingalpha.com

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