The report estimates real estate has suffered anywhere from $67.5 to $337.5 billion a year due to wildfires. In comparison, the report estimates insurance payouts for wildfire damage at $14.8 billion per year, and annual premium increases around $1.6 billion. But the figures are also uncertain because the impact on real estate markets is just starting to be understood, an outside expert said. What those ultimately will be, we’re not exactly sure how big yet.”Disaster experts are warning the US is on the precipice of larger economic implications around wildfires and real estate. Newsom backs new laws Real Estate | After ‘miracle’ water year, can California agencies capture more from next El Niño?

Source: CNN October 16, 2023 18:38 UTC