The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters.

Economic losses and damage are an estimated $135 billion and $150 billion, the costliest fire event in US history. Hurricane Helene in six states last fall caused up to $250 billion in damage.

The devastating blazes have killed at least 11 people and incinerated more than 12,000 structures since Tuesday.

The Los Angeles area is waking up to a fifth day of wildfires after a massive flare-up of the Palisades fire forced more evacuations Friday night. The Palisades and Eaton wildfires have killed at least 11 people and destroyed some 12,

The death toll from the wildfires ravaging the Los Angeles area has risen to 16 as crews battle to cut off the spreading blazes before potentially strong winds return that could push the flames toward