A new report from the University of California, Los Angeles has confirmed what many already believed: the Southern California wildfires are among the most costly natural disasters in American history.

The utility company said its equipment may have caused the fire but that an investigation is continuing and that they are cooperating with authorities.

The two biggest blazes that recently ravaged the Los Angeles metropolitan region may have caused property damage and capital losses of up to $164 billion, new research has determined. Insured

California Gov. Gavin Newsom has disputed criticisms of his administration’s handling of forest and water management by highlighting billions in state investments to increase the number of

The estimate — equivalent to more than three times LA County’s annual budget — would rank the wildfire toll second only to Hurricane Katrina.