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Los Angeles Wildfires

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Los Angeles Wildfires

As wildfires burn in Los Angeles, insurers brace for a potential financial disaster

by Amy Scott and Sarah Leeson
Jan 9, 2025
The system is already strained by climate-induced disasters, says Wharton's Ben Keys. Homeowners across the state may bear some of the cost.
The number of structures destroyed by wildfires in Los Angeles continues to grow, racking up large obligations for insurers. The state is likely to be involved in the final accounting.
Apu Gomes/Getty Images
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Los Angeles Wildfires

What would it take to make U.S. cities fireproof?

by Caleigh Wells
Jan 9, 2025
Devastation in LA and elsewhere has taught us what can help prevent catastrophes — more firefighters, improved water systems and mitigation.
One way to mitigate the affects of future wildfires? More firefighters.
Nick Ut/Getty Images
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Los Angeles Wildfires

Cities can't be made fireproof, but they can be made fire-resilient

by Amy Scott and Sean McHenry
Jan 8, 2025
As the California blazes demonstrate, the concentration of homes in urban areas raises risks and costs.
"The more people you have concentrated in an area, the harder it is to make evacuations succeed quickly," said Roy Wright of the Insurance Institute for Business & Home Safety. Above, a home burns in the Pacific Palisades.
Eric Thayer/Getty Images
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Los Angeles Wildfires

California grapples with the cost of a year-round fire season

by Caleigh Wells
Jan 8, 2025
In the past 10 years, the state’s firefighting agency, Cal Fire, has seen its budget more than double to $3.7 billion.
Southern California wildfires have grown more frequent and more expensive to recover from over the last decade.
Apu Gomes/Getty Images
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