The damage the Southern California wildfires have inflicted in the Los Angeles area so far is estimated to be in the tens of billions of dollars.

As hundreds of Los Angeles residents return to find homes reduced to ashes due to a devastating wave of wildfires, many are fearful that their insurance policies may not cover the rebuild cost and that future premiums will be astronomical.

Gina Zapanta and husband Michael Alder sprang into action to offer emergency housing and supplies to wildfire victims.

As of Friday afternoon, six wildfires were burning across Los Angeles County, including a fresh one that had ignited just hours earlier.

Analysts are evaluating the financial impact of the disaster, with J.P.Morgan doubling its forecast of insured losses to over $20 billion. Wells Fargo also expects similar insured

An aerial view captures some of the devastation in Malibu and Pacific Palisades as fires ravaged the Los Angeles area this week.

Timelapse footage from Jan. 8 captured the fast-moving spread of wildfires across Los Angeles County, California.