Kaya Stanley, CEO of CRMBC and insurance industry expert, explains how there is no government surplus to cover the “catastrophic” economic losses associated with the Los Angeles wildfires.
Many business leaders reacted on social media to the wildfires raging in Southern California.
In a Wednesday night post on X, Apple CEO Tim Cook He described the devastation caused by the fires affecting Los Angeles County as “heartbreaking.”
“Thank you to the amazing firefighters, first responders, and all who are helping in your heroic efforts,” he wrote, adding that Apple “will donate to support the victims and recovery efforts on the ground.”
Photos capture wildfires scorching homes and businesses in Southern California
Apple CEO Tim Cook described the devastation caused by the fires affecting Los Angeles County as “heartbreaking.” (Reuters/Brendan MacDiarmid/Reuters Images)
Likewise, Salesforce CEO Marc Benioff said on Wednesday that he was “heartbroken.”
He added: “Having seen first-hand the devastation that fast winds and fires can cause, my thoughts are with all those affected.” “I hope that peace and security will be restored for everyone in this difficult time.”
In other posts for X, Benioff also encouraged people to “join the effort to support” people affected by the fires, sharing an article detailing several relief organizations.
Salesforce CEO Marc Benioff speaks during a panel on day two of the World Economic Forum (WEF) in Davos, Switzerland, on January 18, 2023. (Stefan Wermuth/Bloomberg via Getty Images/Getty Images)
Bob IgerThe Walt Disney Company CEO said Wednesday on Instagram that his “heart goes out to everyone who lost their homes and businesses, and everyone whose lives have been impacted, including thousands of Disney employees.”
Disney CEO Bob Iger attends the Oscars Nominees Luncheon at the Beverly Hilton Hotel in Beverly Hills, California, on February 12, 2024. (Valerie Macon/AFP via Getty Images/Getty Images)
“I drove through Pacific Palisades today and saw first-hand the devastation caused by the fires,” he said.
Five wildfires were burning in Los Angeles County as of Thursday morning.
According to CalFire, three of the wildfires — the Palisades Fire, the Eaton Fire, and the Sunset Fire — have been contained. Meanwhile, the Hearst and Lydia fires are 10% and 40% contained, respectively.
Firefighters battle flames from the Palisades Fire that burned down the Palisades Theater during a strong wind storm on January 8, 2025, in the Pacific Palisades neighborhood of Los Angeles, California. (Abu Gomez/Getty Images/Getty Images)
California wildfires: What to do when evacuating
Of the five fires, the Palisades Fire has burned the most acres so far, affecting more than 17,200, according to CalFire. An early morning update on the Palisades Fire said hundreds of structures were destroyed and about 13,300 were in danger of catching fire.
A firefighter battles the Palisades Fire as it burns homes on the Pacific Coast Highway amid a strong wind storm on January 8, 2025, in Los Angeles, California. (Abu Gomez/Getty Images/Getty Images)
at least Five people died In the Eaton fire.
“More than 7,500 firefighters are on the ground working with local and federal partners to respond to California’s ongoing historic wildfires,” California Governor Gavin Newsom said Wednesday evening.
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