California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.

Fuente: Business Insider

Participation in California's insurer of last resort more than doubled between 2020 and 2024. Frederic J. Brown/Getty ImagesCalifornia's insurer of last resort will get a $1 billion bailout to cover LA wildfire damages.