Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities in January.

Millions of dollars have been raised for victims of the wildfires, including the superstar-riddled FireAid concert, but where is all the money going?

In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners-insurance business, up from $21 million the year before.

It's estimated the damage from the Southern California wildfires will cost up to $45 billion to remedy. That's according to two analytic firms, Verisk and CoreLogic, which calculated property losses covered by insurance in the Palisades and Eaton fires.