The Los Angeles wildfires could cause up to $57 billion in damage, Accuweather estimates. The fires are destroying expensive real estate in Santa Monica, Malibu, and other neighborhoods. The Los Angeles wildfires could cost between $52 billion and $57 billion in damages and economic losses, according to a preliminary estimate from weather forecasting service Accuweather. The cost estimates include damages to homes and businesses, as well as negative impacts on tourism and health from smoke inhalation, Accuweather said. German insurance company Munich Re estimated it caused overall losses of $16.5 billion.

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Persons: Accuweather, Mark Hamill, James Woods, Jonathan Porter, Daniel Swain, LAList Organizations: State Farm, Los Angeles Pacific Palisades, Paris Hilton, Munich Re, UCLA Locations: Santa Monica, Malibu, California, Munich