Beverly Hills, Hollywood Hills, Malibu and the densely-populated San Fernando Valley are facing a "particularly dangerous situation."

The new rule allows insurance carriers to compute rates by using catastrophe models that incorporate the growing risk of natural disasters.

Strong winds have fanned the blaze, which at one point tripled in size in just an hour.

Insurance is expected to cover the costs of the incident that poured about 3,000 barrels of crude oil into the Pacific Ocean.

As flames lit up Bel-Air, the thousands of works of art in the Getty Center hung unperturbed. Nobody did anything to them. They didn't have to.

As flames lit up Bel-Air, the thousands of works of art in the Getty Center hung unperturbed. Nobody did anything to them. They didn't have to.

Prices may fall as much as 5% in the next 12 months amid tightened regulations, a wall of debt maturities and property sales by publicly traded landlords.