California Fires Could Worsen State’s Insurance Crisis

Thousands of high-end homes burned in recent fires could lead to losses topping $150 billion, putting further pressure on California’s insurance market.

Destruction caused by the Palisades Fire lines neighborhoods near Los Angeles on Jan. 9, 2025. John Fredricks/The Epoch Times

As Californians already face significant challenges finding home insurance, the fires ravaging Los Angeles County could make it even more difficult and costly to insure properties in the future.

Deadly fires erupted beginning on Jan. 7, causing at least 11 deaths, leading to the ongoing ordered evacuation at one point of more than 180,000 people, with another 200,000 warned to get ready for possible evacuation.