More than 30 states have Fair Access to Insurance Requirements (FAIR) plans, which are state-run programs backed by private insurers that offer coverage for high-risk properties.

California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.

FAIR Plan, the California insurer of last resort, faces potential shortfalls as those who suffered losses in the wildfires file claims. Based on a September bulletin issued by the state's Insurance Commissioner ,