Evaluation from ICEYE, the provider of satellite data and services to tell decision-making and evaluation, suggests that greater than 10,900 buildings have likely been destroyed by the Palisades and Eaton wildfires in Los Angeles County.

The corporate has released updated data on the wildfires impacting California and ICEYE’s satellite derived building-level insights closely match a few of the estimates for property damage seen from official sources thus far.

As we reported in our earlier article today, fire officials are stating that the variety of structures damaged and destroyed by the fires burning in Los Angeles suburbs and Southern California is predicted to be above 12,300.

As a reminder, insured loss estimates are ranging $15 billion to $25 billion, with just a few analysts suggesting the full could prove higher if the fires spread further and cause more damage.

ICEYE has now analysed its satellite data and located 10,900 buildings as likely having been destroyed in only two of the fires which have affected the region in recent days.

ICEYE explained, “The Palisades Fire has burned greater than 23,000 acres, leaving a devastating impact. Based on 8 data releases, ICEYE identified greater than 4,500 buildings as likely destroyed in the world. Containment efforts thus far have reached just 13%.

“ICEYE’s evaluation of the Eaton Fire has covered over 14,000 acres, and our newest data revealed that greater than 6,400 buildings were likely destroyed inside our analyzed perimeter. Containment has progressed to 27%.”

The corporate also said, “We also delivered an evaluation of the Hurst Fire, which has burned over 700 acres and has reached 95% containment.”

You’ll be able to see ICEYE’s evaluation for the Palisades Fire on this image:

ICEYE’s evaluation for the Eaton Fire might be seen on this image:

Also read:

– Catastrophe bond price movements because of LA wildfire exposure.

– LA wildfire losses to “notably exceed” $10bn, could approach $20bn: Gallagher Re.

– Mercury says LA wildfire losses to exceed reinsurance retention.

– LA fires: “Considerable attachment erosion” likely for some aggregate cat bonds – Steiger, Icosa.

– LA wildfires: Over 10k structures destroyed. Insured losses as much as ~$20bn, economic $150bn.

– LA wildfire losses unlikely to significantly affect cat bond market: Twelve Capital.

– LA wildfires unlikely to cause meaningful catastrophe bond impact: Plenum Investments.

– JP Morgan analysts double LA wildfire insurance loss estimate to ~$20bn.

– LA wildfires: Analysts put insured losses in $6bn – $13bn range. Economic loss said $52bn+.

– LA wildfires bring aggregate cat bond attachment erosion into focus: Icosa Investments.