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.

As wildfires continue to rage across Southern California, Texans may wonder if the Lone Star state will experience effects from the fires. The concern comes as the first winter storm of the season brought plunging temperatures, light drizzle and flurries to North Texas this week, along with drier air rolling in from the west.

A new wildfire was reported today at 10:48 a.m. in Los Angeles County. The wildfire has been burning on private land. Currently, there is no data on the containment status of the fire and the cause has yet to be determined.

NFL teams and the league's charitable arm are donating a combined $5 million to support those affected by the Los Angeles wildfires, the NFL said on Friday, as the region reels from the devastating infernos.

By combining financial support, physical assistance, and specialized care for vulnerable populations like the elderly, we can significantly impact the lives of those affected by these devastating wildfires.

Here’s what some areas of Los Angeles looked like before the catastrophic blazes — and what they look like like now.

U.S. property and casualty insurance stocks fell in premarket trading on Friday after wildfires menacing Los Angeles killed at least 10 people and devoured nearly 10,000 structures, with five fires burning into a third night.

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 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.