Fires reshape market for home insurance

Vida Hamadani felt the impact of the wildfires in California when she had to flee her Brentwood home two weeks ago.

Although she and her family escaped the Getty Fire and their house wasn't damaged, Hamadani is worried about a potential increase in home insurance premiums that could affect many homeowners, including an insurance agent such as herself.

"Many policies have become twice as expensive, more than triple with the premium, and, of course, I see a lot of unhappy clients dealing with this high premium, and my understanding and belief is that due to this recent fire, it's going to make it even more expensive," said Hamadani, who owns a namesake insurance company in Los Angeles.