Millions at risk of Los Angeles-style wildfires in Australia [Los Angeles Times (CA)]
SWISS RE LTD S/ADR (SSREY)
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Source: Los Angeles Times
Suburbs on the fringes of centers including Sydney, Melbourne and Perth now are home to at least 6.9 million people and, like Los Angeles, have residential areas where homes abut highly flammable grasslands, according to a report published Tuesday by the Climate Council think tank and a group of former Australian fire chiefs. “Nearly every Australian capital city has a dangerous mix of preconditions for a catastrophic fire like L.A. — the possibility of extreme dry periods, severe winds, steep slopes, bushland near homes and a history of destructive fires,” said Greg Mullins, a former New South Wales fire commissioner who has also worked with authorities in the U.S. Blazes in January 2025 in Los Angeles County killed 31 people and rank as the world's costliest wildfires, with estimated insured losses of $40 billion, according to Swiss Re. Factors that contributed to the devastation — the expansion of new homes near the urban fringe and erratic weather fueled by climate change — a
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