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.

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

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 recent wildfires in California have clearly had a catastrophic impact, destroying a vast number of homes and business premises across the region. Homeowners and businesses may have limited means to protect against nature’s forces,