A man has been arrested in Los Angeles after neighbors said they saw him trying to start a fire with a “propane tank or flamethrower."

Multiple wildfires, including the Palisades Fire and Eaton Fire, are raging across Southern California Friday, leaving at least 10 dead and burning more than 10,000 homes across 27,000 acres, officials say.

State authorities previously listed the Palisades as one of the five Southern California areas with the highest concentration of potential wildfire risks. The community also is among the areas most impacted by an unavailability of insurance coverage.

California had just set new rules for insurance companies, aimed at enticing insurers who had left the state, to return to the California market and resume writing policies for people in high-risk areas.

State Farm canceled hundreds of homeowners’ insurance policies for residents in many of the same areas now in the path of the Southern California wildfires. The insurance company’s reasoning for canceling policies for people living in Pacific Palisades in Los Angeles County,

Los Angeles wildfires have led to significant property destruction amid an insurance crisis for homeowners. With rising premiums and fewer coverage options, many are vulnerable as they try to recover from the devastation.

California's historic wildfires come nearly a year after an insurance company canceled thousands of homeowners policies. The insurance agency justified the move as an attempt to avoid financial failure as California sees more wildfires.