Sheriff Robert Luna said 179,783 people are under evacuation orders due to the Palisades, Eaton, Hurst and Lidia fires in Los Angeles County. Another 200,000 residents are under evacuation warnings.

Industry officials warn of widespread economic damage on par with some of the biggest fire disasters in recent memory.

The wildfires wreaking devastation in the Los Angeles area could become the costliest blaze in U.S. history. The insured ...