Although her business premises were destroyed, Shelene Hearring’s students helped her understand that “all the spirits, all the energy, all the love, all those years were still living.”
The home construction market has already been dealing with shortages of skilled labor and building materials, along with expensive construction loans. Those factors will add to the costs of rebuilding communities destroyed by fires.
The fires in Los Angeles “could make this the costliest insured loss due to wildfires in history globally,” said Karen Collins with the American Property Casualty Insurance Association.