Chubb expects that its losses from the L.A. County fires will total $1.5 billion, making the Swiss company the first major insurer to release such a figure.

Jan. 29 A new wildfire was reported today at 5:09 a.m. in Los Angeles County. The wildfire has been burning on private land. At this time, there is no information on the containment of the fire and the cause of it has yet to be determined.

As the California wildfires continue to burn, there is hope to soon rebuild as the two largest fires are both close to full containment.