After devastating fires in Los Angeles County, California lawmakers will consider changes to the state's troubled insurance marketplace.

California's historic wildfires come nearly a year after an insurance company canceled thousands of homeowners policies. The insurance agency justified the move as an attempt to avoid financial failure as California sees more wildfires.

State Farm canceled hundreds of homeowners’ insurance policies for residents in many of the same areas now in the path of the Southern California wildfires. The insurance company’s reasoning for canceling policies for people living in Pacific Palisades in Los Angeles County,