As wildfires blaze across Los Angeles, the city is grappling with not only the immediate destruction but also the longer-term question of financial recovery. With entire neighborhoods reduced to ashes and thousands displaced, homeowners and businesses alike are turning to their insurance providers for relief. But can current policies truly address the unprecedented scale of the losses? Or does this crisis signal a deeper systemic challenge for the insurance industry? The Growing Toll of Wildfires Wildfires have become an increasingly common and devastating feature of life in California. Driven by climate change, prolonged droughts, and high temperatures, the intensity and frequency of these fires have escalated. The economic toll is staggering: according to preliminary estimates, the LA fires have caused billions of dollars in property damage, alongside immeasurable emotional and societal costs. Insurance: A Lifeline or a Frustration? For many homeowners, insurance is the first li...