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Economic loss from wildfires could top $50 billion, making it one of the costliest U.S. natural disasters
Los Angeles Times ^ | January 9, 2025 10:45 AM PT | Don Lee

Posted on 01/09/2025 11:19:24 AM PST by E. Pluribus Unum

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1 posted on 01/09/2025 11:19:24 AM PST by E. Pluribus Unum
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To: E. Pluribus Unum

Nothing ‘natural’ about this disaster. Completely man-made. :(


2 posted on 01/09/2025 11:20:24 AM PST by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set.)
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To: E. Pluribus Unum

Of course, all the countries we give aid to are lining up with offers of assistance.

Here’s the list...........


3 posted on 01/09/2025 11:22:57 AM PST by PhiloBedo (You gotta roll with the punches, and get with what's real.)
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To: E. Pluribus Unum

I was noticing on X how people were asking others to donate. I can’t seem to remember too many Hollywood types donating much of anything to the people in North Carolina. I may be wrong about that. But most of these people all have plenty of money and other houses to go to.

I think Dolly Parton did, but didn’t hear much about others.


4 posted on 01/09/2025 11:23:53 AM PST by dforest
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To: E. Pluribus Unum

I don’t think it’s ‘natural’...................


5 posted on 01/09/2025 11:26:57 AM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger
I don’t think it’s ‘natural’...................

It's natural in the same sense that two men can have a baby.

6 posted on 01/09/2025 11:28:22 AM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
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To: Diana in Wisconsin

“Completely man-made.”

I’m not hearing much discussion of ignition sources.


7 posted on 01/09/2025 11:28:32 AM PST by Paladin2
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To: E. Pluribus Unum

All due to pre-fire real estate estimates which includes some of the priciest homes in Southern California. A larger fire covering a bigger area including mostly very middle class homes would not a total estimated damage as high.


8 posted on 01/09/2025 11:30:12 AM PST by Wuli
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To: E. Pluribus Unum

sounds like a low figure


9 posted on 01/09/2025 11:31:04 AM PST by Third Person
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To: Third Person
sounds like a low figure

From further down in the article:

J.P. Morgan on Thursday raised its earlier estimate of insured losses to $20 billion.

10 posted on 01/09/2025 11:33:03 AM PST by E. Pluribus Unum (The worst thing about censorship is █████ ██ ████ ████ ████ █ ███████ ████. FJB.)
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To: E. Pluribus Unum
The San Francisco earthquake of 1906 caused a black hole to open up in the insurance industry, sucking out vast amounts of capital. This led to the Panic of 1907 as a slightly delayed reaction. That financial panic led in turn to the establishment of the Federal Reserve.

I wonder what will happen downstream of the insurance industry if the losses continue into the hundreds of billions. Will we need another TARP to bail out the insurance companies?

11 posted on 01/09/2025 11:33:22 AM PST by Publius
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To: E. Pluribus Unum
Economic loss from wildfires could top $50 billion, making it one of the costliest U.S. natural disasters

For which the Los Angeles Times should take at least some credit.

Credit is due.

12 posted on 01/09/2025 11:36:33 AM PST by Carry_Okie (The tree of liberty needs a rope.)
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To: Publius

As best I can tell the cost will be broken into three separate pieces:

—Self insured—these will be wealthy folks or those with no mortgage that requires insurance. They are on their own.

—CA insurance program—the state is going to take a big hit here—but have no clue what the numbers look like

—Private insurers.

It will be interesting to what that split looks like.


13 posted on 01/09/2025 11:37:22 AM PST by cgbg (It is time to pull the Deep State out of the mass media--like ticks from a dog.)
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To: PhiloBedo

That’s a long list!


14 posted on 01/09/2025 11:40:29 AM PST by US_MilitaryRules (#PureBlood )
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To: Paladin2
I’m not hearing much discussion of ignition sources.

As if ignition was "the cause" of the fire.

We put gasoline tanks underground for a reason.

The reason is that it takes only three things to make a fire: air, ignition, and fuel. The only one of those three fully under human control is fuel. Lightning strikes happen eventually.

15 posted on 01/09/2025 11:40:47 AM PST by Carry_Okie (The tree of liberty needs a rope.)
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To: Diana in Wisconsin
Nothing ‘natural’ about this disaster. Completely man-made

They are struggling to gain traction with selling the narrative that the "climate" is the sole cause.

16 posted on 01/09/2025 11:43:00 AM PST by 1Old Pro
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To: Diana in Wisconsin

The ‘cause’ is fifty years of liberal mismanagement.


17 posted on 01/09/2025 11:43:17 AM PST by SpaceBar
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To: E. Pluribus Unum

50B is the low figure... fires not over yet.

JPM and others will need to raise their estimates after the smoke clears.


18 posted on 01/09/2025 11:43:43 AM PST by Third Person
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To: All

Is anyone else noticing???:

Looking at video and photos of the Los Angeles fires: Even some of the brick and concrete buildings look like they were bombed or smashed down with a wrecking ball... yet the trees and even brush standing right next to the buildings are mostly unscathed.

Now, as an old Forest Service Helitac Firefighter in my youth, I know that forest fires can do some weird stuff, but this seems kind of strange to me.


19 posted on 01/09/2025 11:46:00 AM PST by LegendHasIt
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To: E. Pluribus Unum

No worries! FEMA will be along with their $700 checks. That’ll fix everything.


20 posted on 01/09/2025 11:49:19 AM PST by Lizavetta
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