Many insurance companies have stopped issuing new policies to homeowners in other vulnerable states, including Louisiana and Florida. The wildfires that have devastated large parts of Los Angeles County have drawn fresh attention to the struggles many Americans face insuring their homes.

A large chunk of the cost of rebuilding after the Los Angeles wildfires is likely to shift to insurance customers throughout the state, under a little-noticed rule change last year by California’s insurance regulator.

California's home insurance market is under tremendous strain after years of devastating wildfire seasons. The most recent LA fires have led to tremendous destruction and damage. Host Scott Tong explores what this means for people with homes in California.

State Farm announced it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.