California on Tuesday was still fighting to contain three wildfires that have already burned up hundreds of thousands of acres and destroyed more than 7,000 structures since they started on Thursday.
The state had yet to put a price tag on the damage, but Morgan Stanley is reportedly estimating that insured losses will be between $2 billion and $4 billion.
The Trump administration on Monday declared a major disaster for the state, a move that will help bring aid to thousands of residents who had to flee from the fires.
Congress returned to work on Tuesday but is not expected to act on any legislation to help boost emergency aid funding for the state until the state delivers an initial damage estimate.
[Related: Trump threatens to pull federal funding to California as wildfires ravage state]
In the meantime, two major fires continued to rage on Tuesday.
The Camp Fire, north of Sacramento, has burned up 125,000 acres and is just 30 percent contained.
According to the California Department of Forestry and Fire Protection, more than 6,500 residences have been destroyed and another 15,500 structures are threatened.
Reports said the Camp Fire was the most destructive ever seen in the state, and 42 have been killed in the blaze.
Near Los Angeles, the Woolsey Fire has burned up 96,000 acres and is just 35 percent contained.
That fire has destroyed 435 structures, and another 57,000 structures were under threat.
A third fire, the Hill Fire in Ventura County, has burned up 4,500 acres, but is now 90 percent contained.
