A California lawmaker is urging leaders to learn from their mistakes from previous California wildfires and unite to come up with a solution to wildfire prevention.

Portions of Southern California are under an "extreme" risk for fire danger amid strong winds until Wednesday.

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 total costs will balloon to $40 billion, the report said.