Lawmakers from across California announced new legislative proposals Thursday intended to speed up rebuilding and recovery efforts in Los Angeles County as thousands remain evacuated from their homes.

Analysts at Goldman Sachs warn that the recent fires in Los Angeles County could become the most costly in California's history. Losses might reach up to $40 billion, placing these fires among the 20 most expensive natural disasters in the U.

As wildfires rage on in Los Angeles, California lawmakers are rushing to offer ideas for wildfire response and prevention. Few, however, have provided specifics on how they would work — and how the state could afford them.