Los Angeles Wildfires 2025 Impact Factor. Climate scientist daniel swain said on cnn that the pacific palisades fire alone may end up as the most expensive wildfire in history, and that he expected that collectively, the. Wildfires in los angeles test california's insurance market stability.
Private forecaster accuweather said on wednesday that estimated damage and economic loss from the california wildfire, already one of the worst in history, is over $50 billion at a. The destruction of homes, businesses, and infrastructure will have a lasting effect on california’s economy.