As the California fires burn, experts say firefighters can only do so much in extreme conditions. Instead, people must understand that homes are the fuel in these disasters.

Analysts at Goldman Sachs warn that the recent fires in Los Angeles County could become the most costly in California's history. Losses might reach up to $40 billion, placing these fires among the 20 most expensive natural disasters in the U.

Analysts at Goldman Sachs warn that the recent fires in Los Angeles County might become the most costly in California's history. Losses could reach up to $40 billion (€38 billion), making it one of the 20 most expensive natural disasters in the US relative to GDP.

At least two dozen people have been reported dead in fires raging across Los Angeles. Five lived near one another in a ravaged Altadena neighborhood.

The Eaton and Palisades fires that erupted last week have collectively burned almost 4 square miles of highly dense parts of Los Angeles, more than double the urban acreage consumed by the region's Woolsey fire in 2018,