Multiple fires raging across the Los Angeles area will cost insurers as much as $30 billion, Wells Fargo and Goldman Sachs estimated in a report released this week. After accounting for non-insured damages,

The ongoing disaster will affect residents’ health, local industries, public budgets and the cost of housing for years to come.

The threat of powerful wind gusts, combined with bone-dry humidity, in Los Angeles on Wednesday could test firefighters who have been battling to keep monstrous fires in Los Angeles in check since last week.

By Lisa Richwine and Mike Blake LOS ANGELES (Reuters) -Firefighters on Tuesday held the line against two massive wildfires that have ravaged parts of Los Angeles for the past week, even as desert winds and a parched landscape presented extremely hazardous conditions.