The state’s plan to fix the insurance crisis had barely rolled out when the Los Angeles fires began. Can the market recover and stabilize?

As the Eaton Fire devastated the Hastings Ranch neighborhood in Pasadena, California, the family seemed especially screwed: Their insurance provider had recently canceled their fire coverage. “I know I’m not supposed to be here,

The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk.

Insurance is going to be even harder to come by, and it is going to get incredibly more expensive than it already is. People need to be prepared for that,” said Mark Newman-Kuzel, president and owner of The Mark Newman-Kuzel Agency in Los Angeles,

As Los Angeles confronts a series of wildfires some experts say could be the most expensive in California history, the state’s beleaguered insurance industry also faces the possibility of further destabilization — with implications far beyond the fire zone.