A public insurance adjuster may help negotiate a better insurance payout for residents who lost their homes in the Los Angeles wildfires.

Analysts at Goldman Sachs warn that the recent fires in Los Angeles County might become the most costly in California's history. Losses could reach up to $40 billion (€38 billion), making it one of the 20 most expensive natural disasters in the US relative to GDP.

While the insurance cost of the devastation is estimated to be around $30 billion, another tally puts the total damage at upward of $250 billion.

The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.

Wall Street has embraced generative AI faster than any other disruptive tech in recent years because of how adept the models are in replicating human cognition.

Devastating fires in the Los Angeles area are likely to put modest pressure on the U.S. national economy in the

According to a recent estimate by Goldman Sachs, losses to insurance companies resulting from the Los Angeles wildfires could be as high as $30 billion.

Firefighters are working around the clock to contain the Palisades Fire and Eaton Fire. Thousands of people were forced to evacuate when the blazes ignited and destroyed more than 12,000 structures. Here are the latest updates.

There were 27 natural disasters that cost at least $1 billion in 2024, well above the annual average of nine such events from 1980 to 2023.

Parts of Los Angeles remain engulfed in flames Tuesday as high winds ... as well as lost wages for people whose jobs will have been affected. Goldman Sachs estimates that the total damage from the LA fire will rank it among the top 20 costliest natural ...

Perhaps no recent climate-related event better illustrates the myriad ways that climate change will affect the U.S. economy.

LA fire officials noted progress fighting wildfires ravaging the area, but said there was still "extreme" danger ahead with dry and windy conditions.