Economic losses and damage are an estimated $135 billion and $150 billion, the costliest fire event in US history. Hurricane Helene in six states last fall caused up to $250 billion in damage.

Wildfires are ravaging the Los Angeles area, spreading rapidly due to dry and windy conditions.The fires have burned through over 40,000 acres. Officials report that at least 16 people have died.Analysts estimate damages caused by the fires may top $50 billion — breaking previous state records.

As wildfires continue to devastate Los Angeles, leaving thousands displaced and causing widespread destruction, experts urge long-term support and careful giving.