Crews are still battling deadly wildfires that broke out nearly a week ago in Los Angeles, with wind and dry conditions hampering the effort. Follow for live updates.

Massive fires continue burning after igniting in the foothills of Pacific Palisades, and Altadena, forcing thousands to evacuate amid a life-threatening and destructive windstorm slamming Southern California.

Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for non-insured damages, the total costs will balloon to $40 billion, the report said.