The enormity of the wildfire devastation in Los Angeles County exceeds previous estimates, as officials strive for recovery while balancing urgency with rebuilding regulations.
Twelve thousand structures have perished in the fires, with assessments still in progress, pointing to potential insured losses soaring to a staggering $40 billion.
In the Pacific Palisades, rebuilding costs could be steep, where land value constitutes a significant portion of overall property price, reaching as high as 78%.
As officials focus on damage control, they are already initiating rollbacks on building regulations to expedite future rebuilding efforts in the afflicted areas.
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