The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is a deepening "insurance crisis.

The state’s plan to fix the insurance crisis had barely rolled out when the Los Angeles fires began. Can the market recover and stabilize?

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

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

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 residential policies due to the high fire risk.

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.