The Los Angeles wildfires just forced California’s last-resort insurer to do something it hasn’t needed to do in over three decades
The FAIR plan says it's expecting a loss of roughly $4 billion from the Eaton and Palisades Fires, which destroyed nearly 17,000 structures.
![The Los Angeles wildfires just forced California’s last-resort insurer to do something it hasn’t needed to do in over three decades](https://fortune.com/img-assets/wp-content/uploads/2025/02/AP25042856013867-e1739354839344.jpg?w=2048#)