Will the Los Angeles fires cause homeowners insurance premiums to increase across the entire US, and/or will they put some insurance companies out of business? /u/j3ppr3y No such thing as stupid questions

As the title says – there are so many multi-million dollar homes being destroyed, it seems insurance companies may not have enough in reserve to handle all those claims.

As the title says – there are so many multi-million dollar homes being destroyed, it seems insurance companies may not have enough in reserve to handle all those claims.