The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk.

As residents in the Los Angeles area grapple with the ongoing realities of the devastating wildfires ravaging the densely populated metropolis nestled between the Pacific Ocean and mountain ranges, several iconic landmarks and beloved local institutions have fallen victim to the flames.

A wildfire broke out in the Pacific Palisades neighborhood around 10:30 a.m. on Jan. 7 and since grew to nearly 3,000 acres.