US private forecaster AccuWeather said that estimated damage and economic loss from the California wildfire, already one of the worst in history, is over $150 billion at a preliminary level.
Raging wildfires in Los Angeles killed several people, destroyed hundreds of buildings and stretched firefighting resources and water supplies since they began on Tuesday, with fierce winds hindering firefighting operations and fueling the fires.
AccuWeather, which estimates the loss between $135 billion and $150 billion, added that if the fire spread to densely populated neighborhoods the current estimates for loss would have to be revised upward
