What the Los Angeles fires might mean for the Bay Area home insurance market

The devastating wildfires burning through Los Angeles County this week are stoking concerns that California’s already faltering home insurance market could be thrown into deeper turmoil.

The fires engulfing thousands of homes come on the heels of reforms meant to stop insurers from fleeing the state following almost a decade of increasingly destructive, climate-driven wildfire seasons. But with the changes yet to take full effect, experts say the billions of dollars in expected new insurance...