The January 2025 Southern California wildfires caused approximately how much in total economic damage?

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The January 2025 Southern California wildfires inflicted a staggering economic toll, with initial assessments for property damage and business interruptions quickly surpassing $61 billion. These devastating blazes, particularly the Eaton and Palisades fires, ravaged the Los Angeles metropolitan area and San Diego County for weeks, destroying more than 18,000 homes and structures and forcing hundreds of thousands of residents to evacuate [cite

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