A new fire — the Kenneth Fire — erupted Thursday afternoon, so far spreading across 960 acres in Los Angeles and Ventura counties. The California Department of Forestry and Fire Protection says that blaze is 0% contained.

Officials say the two biggest wildfires ravaging the Los Angeles area this week have burned at least 10,000 homes, buildings and other structures

An analysis by J.P. Morgan estimates that the insured losses from the Southern California wildfires could exceed $20 billion and push overall economic losses to $50 billion.

Hundreds of evacuees from the devastating Eaton fire gathered in hallways of the Pasadena Convention Center on Wednesday, Jan. 8, amid gray, smoky skies, while ash rained down outside of the glass doors.

Firefighters are trying to mitigate the growing fire in Altadena, California, where a senior center is now in flames. Low water pressure and exhausted responders are impacting efforts. CBS News Los Angeles' Jasmine Viel has more.