Analysts at Goldman Sachs warn that the recent fires in Los Angeles County could become the most costly in California's history. Losses might reach up to $40 billion, placing these fires among the 20 most expensive natural disasters in the U.

Those looking to assist residents affected by the Los Angeles County firestorm have a number of options to donate money, materials or their time.

Lawmakers from across California announced new legislative proposals Thursday intended to speed up rebuilding and recovery efforts in Los Angeles County as thousands remain evacuated from their homes.