Ventura County joins LA County on the list of areas that has mandatory evacuation orders in place due to wildfires.

Simran Parwani/Axios The raging wildfires in L.A. County have thrust California's insurance industry back into the spotlight. Why it matters: More than a quarter of properties statewide have recently seen insurance rates rise because of wildfires or flooding.

With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is certain to total in the tens of billions of dollars.