Tim Cadogan, the CEO of GoFundMe, faced a personal crisis during the recent Eaton fire, which forced him to evacuate his home. Despite their home being spared, the Cadogan family was displaced, leading him to manage not only their insurance claims and housing but also a significant influx of donations on his platform. Over $250 million has been raised for fire victims and relief efforts, surpassing previous annual totals for natural disasters, yet the cost of rebuilding is estimated in the tens of billions, placing the burden on insurers and the government.
Since the fires broke out, people have donated more than $250 million to victims of the Los Angeles fires as well as to charities working on relief efforts.
The task of rebuilding devastated areas is conservatively estimated in the tens of billions of dollars, falling largely on insurers, private developers and the government.
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