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LA Wildfires

Published: January 10, 2025

Our nation has been absorbed by the horrific wildfires that are raging and have destroyed vast areas of Los Angeles County. We hope that our California clients and their families and friends are safe and have a place of refuge during this difficult time. Our heartfelt appreciation goes out to the firefighters, police personnel, relief agencies, and generous volunteers who are working tirelessly to battle the fires and assist the affected communities.

In one of our recent webinars, Michael S. Schiff, Managing Director, Client Development, KF Advisors, and Scott Medley, Principal, EPIC Insurance Brokers and Consultants, discussed the current insurance environment and the impact that localized disastrous events can have on property and casualty rates nationwide. You may find this webinar particularly pertinent given the Los Angeles wildfires. For more information and to watch the webinar, please visit our YouTube channel.

For those wishing to support and aid those impacted by the fires, the New York Times has compiled information on the following organizations and efforts:

  • GoFundMe’s 2025 Wildfire Relief Fund – funds will “go directly to people impacted who are seeking help through GoFundMe fund-raisers, and to nonprofit organizations on the ground providing relief.”
  • The American Red Cross – visit redcross.org, call 1-800-RED CROSS (800-733-2767) or text the word REDCROSS to 90999 to make a donation that will help “provide shelter and support to people who were affected.”
  • Mutual Aid L.A. Network – has created a Google spreadsheet listing information about shelters and animal centers, as well as volunteer and donation opportunities.
  • The Y.M.C.A. of Metropolitan Los Angeles – taking donations of essential items at its Koreatown Center for Community Well-Being and Westchester Y.M.C.A. locations of essential items for families affected by the fires.
  • Direct Relief – distributing free free N95 respirators and other essential items in Los Angeles, and it is also accepting donations.
  • World Central Kitchen (WCK) – founded by the chef José Andrés, it is working with food trucks and restaurants to provide meals for emergency workers and anyone affected by the wildfires. They need both volunteers and donations.
  • The Los Angeles Regional Food Bank – accepting financial donations and essential items, and seeks volunteers. A list of needed items can be found here.
  • Save the Children – working with local partners to “ensure essential, child-focused supplies are getting into the hands of children and families impacted by the wind-fueled fires,” and it is also accepting donations.
  • The American Humane Society – seeking financial donations to help provide transport, food, shelter, water, and vital supplies to animals in need due to the fires.

As always, Klingenstein Fields Advisors is here for you as a resource, and you can reach us at 212.492.7000 with any questions or concerns you may have.

Important Disclosures

This material is provided for informational or educational purposes only and should not be construed as investment, accounting, tax or legal advice. Always consult a financial, tax and/or legal professional regarding your specific situation. This communication is not intended as a recommendation or as investment advice of any kind. It is not provided in a fiduciary capacity and may not be relied upon for or in connection with the making of investment decisions. Nothing herein constitutes or should be construed as an offering of advisory services or an offer to sell or a solicitation to buy any securities or a recommendation to invest in any specific investment strategy. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future returns. The views expressed herein are as of a particular point in time and are subject to change without notice. The information and opinions presented herein are general in nature and have been obtained from, or are based on, sources believed by Klingenstein Fields Advisors (“KF Advisors’) to be reliable, but KF Advisors makes no representation as to their accuracy or completeness. Although the information provided is carefully reviewed, KF Advisors cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided. KF Advisors represents two investment advisers registered with the Securities and Exchange Commission: Klingenstein, Fields & Co., L.P. ® and KF Group, LP. If you are a KF Advisors client, please remember that it remains your responsibility to advise KF Advisors, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.