Thousands of structures have been damaged or destroyed in the hilly coastal neighborhood of Pacific Palisades, making it the most destructive fire in Los Angeles history.

Firefighters battled Thursday to control a series of major fires in the Los Angeles area that have killed seven people, burned at least 10,000 structures from the Pacific Coast to Pasadena and sent thousands of people frantically fleeing their homes.

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

Tens of thousands of Southern Californians were ordered to evacuate their homes after out-of-control wildfires engulfed several parts of the Los Angeles area.

The scourge of wildfires in Los Angeles and the surrounding area are the most destructive in the city’s history, and the city’s fire chief said the region was still in the midst of an “extreme weather event” as a new blaze quickly grew to 1,