An analysis by J.P. Morgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.

The Palisades Fire and the Eaton Fire are now among the top 5 most destructive wildfires ever recorded in California. At least 11 people are dead and more than 10,000 homes and other structures destroyed.

The state of California announced a one-year moratorium on the cancellation or non-renewal of homeowners insurance policies in zip codes affected by the Los Angeles-area wildfires.

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.

Officials and consumer advocates offer advice for Southern California residents with insurance questions in the aftermath of wildfires.