The forecast for damages from recent LA fires has tripled to $150 billion, intensifying California’s mounting insurance crisis. Experts warn the state faces an existential threat as insurers pull back coverage, risking widespread economic fallout.
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Devastated residents of Los Angeles returned to their neighborhoods, only to find charred remains and a big pile of ash where their homes once stood. The aftermath of recent wildfires has left the community grappling with loss and uncertainty.