The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters.

Economic losses and damage are an estimated $135 billion and $150 billion, the costliest fire event in US history. Hurricane Helene in six states last fall caused up to $250 billion in damage.

With strong winds, dry conditions and no immediate end in sight, analysts project total economic losses of $50 billion to $150 billion.

The devastating blazes have killed at least 11 people and incinerated more than 12,000 structures since Tuesday.