- AccuWeather estimates the LA blaze will far exceed the $16 billion in economic losses from Maui's wildfires two years ago. Weather-related catastrophes now make up almost all of the $320 billion in global damages last year, with geophysical events like earthquakes only amounting to 7% of that figure.
The deadly inferno sweeping across Los Angeles and consuming some of the city’s most affluent homes will likely be one of the most expensive natural disasters on record.
