The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing reside

The multiple wildfires raging in California are being described by eyewitnesses as "apocalyptic." While the cost in human suffering is immeasurable, it may take weeks or longer for the true economic toll to be realized.

As several fires spread across Southern California, President-elect Donald Trump is pointing fingers, blaming policies from California Gov. Gavin Newsom and President Joe Biden for causing the outbreak.

Trump issued a fiery volley against Gov. Newsom, blaming him for the fires, and has said before that he'll cut wildfire funds to California.

President-elect Donald Trump blamed California Gov. Gavin Newsom for the southern California wildfires. President Joe Biden pledged 180 days of aid.

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

The Los Angeles wildfires could threaten California’s already unstable insurance market, which carriers have been fleeing as disasters multiply.

Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or hurricanes that recently hit Florida, Tennessee and North Carolina. It can put