The rise in intense storms that cause catastrophic property damage could make several parts of the U.S. uninsurable as home values far exceed what insurance companies can offer and remain solvent, Axios reported Thursday.

For millions of Americans, living near the coast come at price, and soon that price may be uninsurable. Many of the most densely populated areas of the country are subject to occasional but intense wildfires and hurricanes. These natural disasters have caused home insurance rates skyrocket and, in some cases, make properties uninsurable.

The four fires decimating parts of Los Angeles County this week have put the spotlight on how the city can possibly recover from such monumental damage. Preliminary estimates have already put the damage and economic losses at a minimum of $50 billion. 

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