Loading stock data...

Please be informed that a specific anonymous source is attempting a cyber-attack to damage the reputation of World Economic Magazine. They might attempt to access your personal or professional email under the guise of making untrue accusations against our company via email, the internet, etc. You are urged to use extreme caution when receiving such emails because these statements are false and fraudulent.
Please note that we never owed any monetary dues to any party whatsoever. Any agency or source claiming otherwise, is doing so solely with a deceitful intention and is a part of fraudulent activities

Los Angeles Residents Relocating Amid Wildfire Risks

by World Economic Magazine January 24, 2025

A growing number of Los Angeles residents are moving to the northeastern U.S. due to the increasing frequency of wildfires and a worsening insurance crisis.

Insurance Challenges: Homeowners in wildfire-prone areas are facing difficulty renewing insurance policies, with premiums skyrocketing in recent months.

Economic Toll: Experts estimate that the ongoing wildfire crisis has caused economic losses between $250 billion and $270 billion.

Real estate brokers report a surge in demand for properties in cities like New York and Boston as Californians seek safer locations. (Source: NY Post)