Tens of thousands of people have fled their homes as a wildfire in the Pacific Palisades killed at least five people and burned more than 21,000 acres within three days, reaching 8% containment Friday as firefighting efforts continue.

The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market. On Tuesday, after a ferocious Santa Ana windstorm blew through Southern California,