Until this year, the 2018 Camp Fire stood as not only the deadliest wildfire in California history but also the nation’s costliest: $13 billion in economic losses, adjusted for inflation.
A new report says each of the two major wildfires that devastated parts of Los Angeles County in January cost more than twice as much, adding up to $65 billion in losses.
The Palisades ($37 billion) and Eaton ($28 billion) fires also became the most expensive wildfire events ever for the reinsurance industry, causing $40 billion total in covered damage, according to the report by Gallagher Re, a global firm that provides insurance to insurers…