Thousands of Angelenos who lost their homes in some of the most destructive wildfires in California history find themselves in fierce competition with one another for an affordable place to live in Los Angeles' post-disaster housing market.

Two wildfires still burning in Los Angeles have torched more urban areas than any other fire in the state since at least the mid-1980s, an Associated Press analysis shows. The Eaton and Palisades fires that erupted last week have collectively burned almost 4 square miles of highly dense parts of Los Angeles,

A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.

California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.

Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after fires.