U.S. insurance stocks slid on Friday as analysts estimated insured losses from the wildfires menacing Los Angeles could reach as high as $20 billion, potentially making it the costliest disaster in California's history.

U.S. private forecaster AccuWeather said on Wednesday that estimated damage and economic loss from the California wildfire, already one of the worst in history, is over $50 billion at a preliminary level.

Actor Jamie Lee Curtis, one of many Hollywood celebrities who lived in the California neighborhoods ravaged by wildfires this week, said on Thursday her family would donate $1 million to relief efforts.

Actor Jamie Lee Curtis offered the money to aid in battling the Palisades fire. Actor Jamie Lee Curtis, one of many celebrities who had to flee this week’s wildfires in California, said on Thursday her family would donate $1 million to relief efforts.

Jamie Lee Curtis has announced that she and her family are making a large donation to relief efforts as fires continue to ravage Los Angeles.