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.

Firestorms raging across Los Angeles County will test insurance reforms now being implemented throughout California.

Key Takeaways The wildfires that have decimated neighborhoods in Los Angeles this week came just months after California's largest property insurer began allowing thousands of policies to lapse.Insurers,