Southern California Edison (SCE), a subsidiary of Edison International , said on Thursday that it was probing whether its equipment was associated with the ignition of two Los Angeles-area wildfires this year.

Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities in January.

Millions of dollars have been raised for victims of the wildfires, including the superstar-riddled FireAid concert, but where is all the money going?

Fires in the Los Angeles area may result in claims of between 500 million euros ($518.95 million) and 700 million euros for the reinsurer Hannover Re , the company's chief executive Jean-Jacques Henchoz said on Thursday.

In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners-insurance business, up from $21 million the year before.