The area of biggest concern is around the Eaton Fire. Parts of Malibu and the Pacific Palisades should also be prepared.

Updating maps of Southern California show where wildfires, including the Palisades, Eaton and Hughes fires, are burning across Los Angeles.

Global analytics firm Verisk expects insured property losses from the Palisades and Eaton fires in the range of $28 billion to $35 billion, one of the highest loss estimates from the industry. The insured losses from the Palisades fire is estimated between $20 billion and $25 billion,

Global data analytics firm Verisk (Nasdaq: NASDAQ:VRSK) has projected insured property losses from the Palisades and Eaton (NYSE:ETN) fires to be between $28 billion and $35 billion, marking one of the highest loss estimates from the industry.