Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's California wildfires.

Insurance costs in one of the most expensive U.S. neighborhoods are relatively low Tight regulations keep prices down but discourage insurers Insurance costs more in New Orleans' Lower Ninth Ward Jan 9 - The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.

Here’s what we know about the active fires as of Saturday morning (Pacific time): • The Palisades Fire is 11 percent contained (up from 8 percent on Friday afternoon) and has burned 21,596 acres. • The Eaton Fire is 15 percent contained (up from 3 percent on Friday) and has burned 14,