The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters.

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.

The devastating blazes have killed at least 11 people and incinerated more than 12,000 structures since Tuesday.

Wildfire starts to spread in Mandeville Canyon as fire crew attempt to contain the flame on Jan. 11, 2025. ↓ Read More

Fueled by powerful winds and dry conditions, a series of ferocious wildfires erupted Tuesday and roared across the Los Angeles area.