California's Fiery Insurance Squeeze

California's FAIR Plan is burning up, holding just $377 M against wildfire claims that could skyrocket to $30 B, especially after the devastating 2024 Los Angeles fires. With over 200,000 policies now insured, experts warn a potential $1,000 surcharge looms for homeowners if losses overflow. Insurance Commissioner Ricardo Lara's new regulations aim to cool the market, but climate change keeps fanning the flames, sparking concerns about the plan's long-term sustainability.