Catastrophic Wildfires Devastating Tens of Billions of Dollars of Southern California Properties

According to new data from CoreLogic, the Palisades Fire ignited on January 7, 2025 at approximately 10:30 a.m. PST in Pacific Palisades, California. Driven by fierce winds exceeding 40 mph, the fire quickly consumed around 200 acres and continued spreading at an alarming pace.

By the morning of January 8, the fire had scorched 2,921 acres, with containment efforts yielding no progress. Authorities issued evacuation orders for about 30,000 residents as multiple homes were engulfed in flames.

Early Wednesday morning, evacuation zones were extended to include parts of Malibu, compounding the challenges for a region still recovering from the Franklin Fire in December…

Story continues

YOU MIGHT ALSO LIKE

TRENDING ARTICLES