The devastating wildfires burning in Southern California could have financial ramifications for residents across the state. California Insurance Commissioner Ricardo Lara Changes confirmed that recent policy changes would allow private companies to pass costs along to all customers in the state if they are asked to cover the costs in the

California Insurance Commissioner Ricardo Lara addresses challenges facing homeowners affected by the wildfires, the FAIR Plan, and future of insurance.

The devastation from the Los Angeles wildfires is worsening concerns about the already struggling insurance market in California.