At least 25 people have died in the fires, and more than 12,000 homes, businesses, and other structures have been damaged or destroyed.

Dozens of people are believed to have died in the Palisades and Eaton fires, which have burned down whole swaths of communities

With high property values, catastrophic damage, and lost economic activity, the Los Angeles wildfires could cost up to $275 billion. Here's who pays.