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A neighborhood leveled by wildfires in Santa Rosa, California. Photo: Marcio Jose Sanchez / AP

California authorities have raised the total number of homes and buildings destroyed to 14,700 as damage assessments from the deadly wildfires continue. The cost of insured damage is expected to top $3 billion, up from an earlier estimate of $1 billion, CNBC reports.

The big picture: The blazes were fully contained about two weeks after they started burning, but the process of rebuilding entire neighborhoods in Sonoma County will extend long beyond that.

The numbers:

  • "Tens of thousands lost everything in what has proven to be the deadliest and one of the most costly set of wildfires in our state's history," California's insurance commissioner told reporters, per CNBC.
  • The total death count has risen to 42. A single Sonoma County fire — the Tubbs — killed 22 people, which makes it the third deadliest in state history, NBC reports.
  • The Tubbs fire alone destroyed 5,300 homes — more than any other California fire in history.
  • In total, 14,700 structures, 728 businesses and 271,000 acres have burned.
  • At the peak of the fires, classes were canceled for 260,000 students at 600 schools, per KQED.

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Top HHS spokesperson pitched coronavirus ad campaign as "helping the president" — Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases — Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  4. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Thursday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.

3 hours ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.