The blaze has probably caused between $2 billion and $4 billion in insured property damage, Morgan Stanley estimated in a report on Monday.
"The early moments of fires such as these are a critical time, when lives are lost, entire communities are wiped off the map and our members are injured or killed trying to stop these monstrous wildfires", Schaitberger said in a statement. He noted that new legislation could help reduce the potential costs related to possible liability.
If granted, the major disaster declaration would trigger new fiscal and physical resources from federal agencies.
One man, Ed Gleason, didn't evacuate, and his house was one was of the few still standing today. The school lifted the shelter-in-place order Saturday morning but closed its offices and canceled all classes and events on its Malibu and Calabasas campuses through Tuesday.
Andrew Benton, the president of Pepperdine University, later explained that the school, in cooperation with the fire department, has planned to shelter in place during these situations since 1993, after risky brush fires threatened its Malibu campus in 1985.More news: Before and after photos reveal California wildfire devastation in small towns
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The Camp Fire is the furthest north, with the Hill Fire just above LA on the left and the Woolsey Fire on the right.
Authorities have described the blaze as a very risky, wind-driven inferno.
The Woolsey Fire is only 10 percent contained. The wildfire in this particular region burned areas from Thousand Oaks to the wealthy coastal region of Malibu. The San Jose Mercury News, meanwhile, pointed to radio transmissions from firefighters that indicated the utility's downed power lines may have sparked the fire. Because of this, close to 150,000 people are still under mandatory evacuation orders from the state of California.
Also known as the Camp Fire, it has ravaged more than 111,000 acres of land and burned more than 6,000 homes. Pacific Gas & Electric Co. told state regulators that it had a problem with an electrical transmission line near the site of the Northern California blaze minutes before it broke out.
Over a couple of days in October 1991, 25 people are killed in a wildfire that starts in the hills of California, above the town of Oakland, going on to destroy close to 3,000 buildings.