Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – $1.1 billion.

It's been more than three weeks since the beginning of the Los Angeles area wildfires and the level of devastation is overwhelming. The numbers are stark: The fires killed 28 people and incinerated more than 16,000 structures. Officials peg the economic damage at $150 billion or more, with insurance companies expecting losses of $30 billion.

California utility company Southern California Edison on Thursday said its equipment “may be associated with” the ignition of the Hurst Fire, which burned alongside the Eaton and Palisades fires during January’s Los Angeles firestorms.