LA wildfires: Is insurance the next battlefront for California residents?

As wildfires devastate Los Angeles County, thousands are unsure if insurance will cover their destroyed properties, with potential losses estimated at $20bn. The fires have killed 27 people, destroyed over 12,300 homes, and could become the costliest natural disaster in US history. Insurance companies like State Farm cancelled policies due to California regulations limiting rates and slow approval processes, leaving many homeowners vulnerable to massive losses.

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