A fire at the world’s largest battery storage plant in Northern California is smoldering after sending plumes of toxic smoke into the atmosphere.

Residents living near a power plant in Central California were ordered to evacuate Thursday night after a fire broke out at the facility.

If the insurance industry stops writing policies for California homes, it will ultimately hit the mortgage industry.

Much of Los Angeles remains burning as this month's wildfires continue to wreak destruction on America's second-largest city. The Eaton Fire in Altadena has killed at least 17 people, while the Palisades Fire has burned 24,

A recent rule change could cause a spike in insurance premium for homeowners across California, as the costs of the Los Angeles area wildfires are passed onto them in a way that was not allowed in the past.

Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after fires.

If the insurance industry stops writing policies for California homes, it will ultimately hit the mortgage industry.