At least 10 people are dead and many more injured as several fires broke out across Southern California amid historically dry and windy conditions.

Early estimates show that the total damage and economic loss due to the Los Angeles wildfires is between $135 and $150 billion.

As greater Los Angeles burns, President-elect Donald Trump has unleashed a blistering volley against Gov. Gavin Newsom and stepped up threats to withhold federal aid to California, which some experts say could be enduring its most costly disaster ever.

Fox News senior White House correspondent Jacqui Heinrich reports on President Biden promising assistance to wildfire victims on ‘Special Report.’

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some California wildfire victims, calling her claims "false."

Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or hurricanes that recently hit Florida, Tennessee and North Carolina. It can put