The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market. On Tuesday, after a ferocious Santa Ana windstorm blew through Southern California,

U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach as high as $20 billion, potentially making it the costliest disaster in California's history.

The massive Palisades Fire broke out in Los Angeles on Tuesday afternoon, prompting mandatory evacuations affecting tens of thousands of people and highway closures. Later Tuesday, the Eaton Fire broke out in the foothills of Pasadena on the other side of Los Angeles County.

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

In a post on X, Erik Scott, a fire captain for the Los Angeles Fire Department, said the plane was damaged and is now “out of service.” Air quality in downtown Los Angeles is listed as unhealthy for sensitive groups,

Palisades fire rages across Los Angeles, California Credit: ABC7 Los Angeles The two biggest wildfires ravaging the Los Angeles area have killed at least 10 people and burned more than 10,000 homes and other structures,