Beyoncé and Jay-Z's $200 million Malibu mansion is just one of the homes that was under threat

California's insurance market is heating up - both literally and figuratively - thanks to an escalating wave of natural disasters that are reshaping the industry. The Franklin Fire, a roaring blaze devouring thousands of acres in Southern California, has thrust the state's luxury properties into the spotlight. Among them is Beyoncé and Jay-Z's $200 million Malibu mansion, perched in the high-risk Paradise Cove area. Despite its record-breaking value and opulent features - think a 30,000-square-foot expanse with oceanfront views and an infinity pool - the property now teeters on the brink of devastation.