Insurance costs in one of the most expensive U.S. neighborhoods are relatively low Tight regulations keep prices down but discourage insurers Insurance costs more in New Orleans' Lower Ninth Ward Jan 9 - The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.

On Tuesday, flames tore through Palisades Charter High School, which reports show was previously used to offer shelter to people escaping Southern California wildfires like the 19

Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's California wildfires.