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.

With such a wide range of potential outcomes this year, risk management and value capture will be important themes.

The Los Angeles wildfires have now burned down more than 29,000 acres of land, with firefighters continuously battling the ...