California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors.
Lara’s order is designed to help speed the recovery process for wildfire survivors affected by several fires in Southern California, including the deadly Palisades and Eaton fires around Los Angeles.
Insured loss estimates from the two fires are—which, at their height, burned along with three other large and destructive Los Angeles area wildfires—continue to rise. Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property