Many insurance companies have stopped issuing new policies to homeowners in other vulnerable states, including Louisiana and Florida. The wildfires that have devastated large parts of Los Angeles County have drawn fresh attention to the struggles many Americans face insuring their homes.

California Insurance Commissioner Ricardo Lara said new regulations will keep homeowners insured. Some of the new efforts give insurance companies more leeway in raising rates, while allowing them to use computer modeling to forecast risk and to incorporate their own “reinsurance” costs from backup providers in setting future premiums.

More than 100,000 homeowners in the Los Angeles area were dropped by their insurance companies before the recent wildfires broke out. Elizabeth Cook shares the story of families now struggling to piece their lives back together after losing everything in the fires.

California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made.

California's home insurance market is under tremendous strain after years of devastating wildfire seasons. The most recent LA fires have led to tremendous destruction and damage. Host Scott Tong explores what this means for people with homes in California.