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Wildfires in LA County cause $53.8B in damage, project $8.9B in economic losses over five years.
The Palisades and Eaton wildfires in Los Angeles County caused up to $53.8 billion in property damage, with economic losses projected at up to $8.9 billion over the next five years.
The report by the LA County Economic Development Corporation highlights potential job losses of up to 49,110 and suggests fast-tracking rebuilding efforts, improving emergency response systems, and implementing alternative insurance models to expedite recovery and financial relief.
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Los incendios forestales en el condado de Los Ángeles causan $53.8B en daños, proyecto $8.9B en pérdidas económicas durante cinco años.