Los Angeles wildfires expose an insurance crisis | 7.30

The devastating fires in Los Angeles have exposed an insurance crisis in America's largest and wealthiest state.
The cost of the disaster is yet to be counted but there are concerns it could further push up insurance premiums here in Australia.
7.30’s Mike Lorigan and Alysia Thomas-Sam report.
Subscribe: ab.co/3yqPOZ5
Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you.
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
For more from ABC News, click here: ab.co/2kxYCZY
Get breaking news and livestreams from our ABC News channel: / newsonabc
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on Twitter: / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNewsIndepth #ABCNewsAustralia