The wildfires that erupted this week across Los Angeles County are far from contained, but they're already expected to be the costliest in U.S. history and among the worst natural disasters.

Economic losses and damage are an estimated $135 billion and $150 billion, the costliest fire event in US history. Hurricane Helene in six states last fall caused up to $250 billion in damage.

The devastating blazes have killed at least 11 people and incinerated more than 12,000 structures since Tuesday.

Hundreds of prisoners have been deployed to help fight wildfires in Los Angeles as the most destructive blaze in the city’s history continues to devastate the region. The California department of corrections and rehabilitation (CDCR) said on Thursday that 783 imprisoned firefighters were helping to tackle the fires,

At least 11 people have been killed in the wildfires taking over southern California. Los Angeles residents have been put on high alert as strong winds could potentially fuel the flames even more in the coming days.

Insurance Commissioner Ricardo Lara said he's ordered insurance companies to have a one-year moratorium on insurance non-renewals and cancellations for people impacted by the Palisades and Eaton fires.

California Insurance Commissioner Ricardo Lara issued a one-year moratorium that protects homeowners' insurance if they live in the areas impacted by wildfires.

Insurers are set to face a bill that could top $20 billion.