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.

Out-of-control wildfires are ripping across parts of Los Angeles, leading to at least five deaths, burning down hundreds of buildings, and prompting more than 130,000 people to flee their homes in America's second-largest city.

The Los Angeles wildfires continue to burn out of control, with the death toll now at seven and expected to climb. Nearly 180,000 people have been ordered to evacuate and at least 10,000 buildings have been destroyed, L.A. Sheriff Robert Luna stating in a press conference that some of the impacted areas "look like a bomb was dropped in them."