A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.

California's home insurance market was rocky before the fires, but companies were committed to make a comeback. With thousands of claims expected to flood the system, homeowners can expect changes.

The wildfires in California are affecting the insurance industry, potentially leading to higher premiums across the U.S.

Entire communities across the Los Angeles area have been leveled with thousands of homes destroyed as a result of the ongoing wildfires.The devastation has now