NYTIMES (Rebecca Dzombak) - 2025 Wildfires Were the Costliest Ever, Researchers Say
Severe, hard-to-control blazes in densely populated areas like Los Angeles drove the year’s record losses.
Severe, hard-to-control blazes in densely populated areas like Los Angeles drove the year’s record losses.
As California’s wildfire season is set to worsen, lawmakers talked briefly about the state’s seven-year-old wildfire fund, which is now projected to cost California’s taxpayers roughly $39 billion.
Disaster costs fell in the U.S. in 2025. Still, it was the fourth time in five years that extreme weather inflicted more than $100 billion in annual losses. Industry experts say the growing financial toll will make insurers wary of rushing to cut rates.