The company’s revised preliminary estimate of the total damage and economic loss from the fast-moving, wind-driven infernos in Southern California stands between US$250bn and US$275bn. When combined with the nine additional weather disasters that AccuWeather issued preliminary estimates for in the past 12 months, the company estimates that the total damage and economic loss from extreme weather events over the past year has skyrocketed to between US$693bn and US$799bn. That figure is equivalent to nearly 3% of the United States annual gross domestic product.