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flag Wildfires in LA County cause $53.8B in damage, project $8.9B in economic losses over five years.

flag 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. flag 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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