In recent years, insurers like Allstate, American National, The Hartford and State Farm have stopped renewing policies or issuing new policies for California homeowners.

State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration of potential wildfire risks. The community also is among the areas most impacted by an unavailability of insurance coverage.

California’s insurance commissioner issued a one-year moratorium on policy non-renewals and cancellations in areas affected by devastating wildfires in and around Los Angeles.  “I am using

Los Angeles officials provided an update for residents having to deal with insurance claims after several wildfires swept through Southern California. California Insurance Commissioner Ricardo Lara broke down his latest efforts to help residents who lost their homes.

Los Angeles fire insurance expert Richard Giller joins ‘Fox & Friends’ to shed light on why some Californians were dropped by insurers before the wildfires broke out.

Wildfires continued to rage in Los Angeles late Thursday, decimating neighborhoods and raising questions about the future of California’s already troubled property insurance market.

Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.

Several experts warned that it will be very hard to pinpoint when the victims of the Southern California wildfires will receive their insurance payouts.

It’s too soon to know the financial cost of the wildfires burning around Los Angeles. But the toll on California’s troubled insurance market could be enormous.

For those who have it, a standard homeowners' insurance policy does cover destruction caused by fire, including wildfires.

California's historic wildfires come nearly a year after an insurance company canceled thousands of homeowners policies. The insurance agency justified the move as an attempt to avoid financial failure as California sees more wildfires.