First discovered: 10:49 p.m. Feb. 4 A new wildfire was reported today at 10:49 p.m. in Los Angeles County. The wildfire has been burning on private land. There is no information on the containment of the fire and its cause remains undetermined.

The recent fires in Los Angeles have sparked concerns for residents living in Orange County's high-risk areas, which have seen explosive development in the past few decades. Michele Gile reports.

From explosive batteries to crumbling chimneys and melted refrigerators, there is a lot to clear out, and a lot of steps to handle it all.

The Palisades and Eaton fires, two of the deadliest and most destructive wildfires in California history, reached 100 percent containment more than three weeks after they began.

According to the IBC, business and property owners face two major issues: an increase in natural disasters and the rising costs of rebuilding. Data from Catastrophe Indices and Quantification Inc. (CatIQ) indicates that severe weather has impacted more than 132,000 Canadian businesses over the past 15 years.