from ZeroHedge:
LA Fire Summary:
- Palisades Fire burned 17,000 acres (0% contained), while Eaton Fire has expanded to 10,000 acres (0% contained)
- Newest fire: Sunset Fire in the Hollywood Hills area
- Five dead, 180,000 people under evacuation orders
- Most destructive fire in LA history: Ten of billions of dollars in damage (early estimates)
- 2,000 homes, businesses and other buildings have been damaged or destroyed
- Musk Says SpaceX will provide free Starlink terminals to areas hit by LA wildfires
- AccuWeather Estimates $52 billion to $57 billion in preliminary damage and economic losses
- Arson fears
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Fire Map
Evacuation areas
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Update (1350ET):
At a press briefing, LA County Sheriff Robert Luna said 180,000 people are under evacuation orders.
Meanwhile, a preliminary estimate from Morningstar DBRS points to insured losses in excess of $8 billion, and some scenarios could cost insurers more than $10 billion. This report was first cited by Bloomberg Intelligence analysts.
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Update (1300ET):
Comedian Adam Carolla goes on an epic rant claiming that Hollywood leftists will become so frustrated with the rebuilding process of their destroyed homes that they’ll refuse to vote Democrat.
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Update (1246ET):
LA County Sheriff Robert Luna told reporters that some wildfire-impacted areas “looked like a bomb went off.”