Changes to the way the insurance industry is regulated in California may mean all of the state's residents will be paying for at least a part of the cost of rebuilding from the destructive wildfires in Los Angeles County.

California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies canceling or non-renewing residential insurance policies in certain areas within or adjacent to a fire perimeter after a declared state of emergency was issued by the Governor.

The prolific Hollywood producer in an Instagram post said it was “gut-wrenching” to see a "daughter use a garden hose to try and protect her 90-year-old parents’ home" after an insurance cancellation.