Frankfurt: German reinsurance giant Munich Re said Wednesday that last month’s huge wildfires in Los Angeles had been the costliest “in the history of the insurance industry”. Munich Re, which acts as an insurer for insurers, said it expected some 1.2 billion euros ($1.3 billion) in…
24 Dead, Over 12,000 Structures Burned In Los Angeles Wildfires: 10 Points
At least 24 people have now been confirmed dead due to massive wildfires around Los Angeles with California Governor Gavin Newsom saying it could be the most devastating natural disaster in US history, which has also destroyed thousands of homes. Here are 10 points on Los…
Rent Shoots Up As Wildfires Destroys Los Angeles Homes
Santa Monica: Five days after an inferno razed Pacific Palisades, Maya Lieberman is desperate to find somewhere to live. But unscrupulous landlords who are jacking up prices are making it hard. “The price gouging is going haywire, it’s obscene,” the 50-year-old stylist told AFP. “I can’t…
LA Wildfires To Be Costliest US Disaster, To Inflict $135 Billion In Losses
The devastating Los Angeles wildfires are poised to become one of the costliest natural disasters in US history, with estimated losses already surpassing $135 billion. According to a preliminary estimate by private forecaster AccuWeather, the total losses could reach as high as $150 billion, making it…
Los Angeles Fires, Limited Hydrants And A Catch-22 Situation In California
New Delhi: As crews battled devastating wildfires across Los Angeles, a major challenge emerged: fire hydrants in some areas ran dry, and low water pressure hampered efforts to contain the blaze. According to an LA Times report, the Los Angeles Department of Water and Power (DWP)…
Trump Alleges California Burning As Governor Tried To Save “Worthless” Fish
New Delhi: As thousands flee their homes in California due to wildfires, US President-Elect Donald Trump has launched a scathing attack on Governor Gavin Newsom, saying “this is all his fault” and he must quit. Earlier, Trump alleged that the Governor’s policies were to blame for…
How Fierce Winds Sparked Devastation Over 3,000 Acres
LA Palisades Wildfire: Firefighters on Wednesday battled a ferocious wildfire in Los Angeles suburbs, home to many Hollywood celebrities, which devoured buildings and sparked panicked evacuations as hurricane-force winds fuelled rapid blaze growth. Frightened residents abandoned their cars on one of the only roads in and…