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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

Firefighters end search for bodies at Surfside

A picture in the memorial that has photographs of some of the victims from the partially collapsed 12-story Champlain Towers South condo building on July 15 in Surfside, Florida. Photo by Joe Raedle/Getty Images

Firefighters on Friday concluded their search for bodies at the site of the June 24 collapse of the Champlain Towers South condominium in Surfside, Florida.

Driving the news: 97 people were killed and one woman, Estelle Hedaya, remains missing.

Updated 42 mins ago - Sports

Olympics dashboard

🚨: Team USA closes out Day 1 with no medals for 1st time since 1972

📺: The Olympic events to watch today

🛹: Athlete spotlight - Nyjah Huston hopes to skate his way into Olympic history

🇺🇸: After loss to Sweden, U.S. women's soccer team overwhelms New Zealand

🥇: The six new sports at Tokyo 2020

👻: How the no-spectator Olympics could affect the athletes

💉 About 100 U.S. Olympic athletes are unvaccinated

Go deeper: Full Axios coverage

2 hours ago - Sports

Jill Biden cheers on Team USA at Tokyo Olympics

Jill Biden congratulates U.S. women 3x3 basketball team after the first round 3x3 basketball match. Photo: Mustafa Yalcin/Anadolu Agency via Getty Images

First lady Jill Biden attended three Olympic events on Saturday and hosted a watch party at the U.S. Embassy for the Team USA-Mexico softball game.

Driving the news: On her first day as a spectator at the Games, Biden attended a women's 3x3 basketball game, cheered on American swimmers during preliminary heats and caught the second half of the U.S. women's soccer game against New Zealand.