Los Angeles Fires: "Apocalyptic Destruction"
Los Angeles continues to burn. (WSJ, free link). I hope the insurance companies have enough money to pay all the homeowner and commercial claims. The damage is devastating:
Economic losses from the blazes have been estimated at tens of billions of dollars. Tens of thousands of people were displaced, roughly 33,000 acres were aflame and more than 200,000 were without power across the wider Los Angeles area. More than 360,000 people are under mandatory evacuation orders, said Robert Fenton, Jr., a regional administrator at the Federal Emergency Management Agency.
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