The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on to customers.

Insurers are estimating losses totaling billions of dollars from the Los Angeles wildfires, including assumed payments to allow for a bail out

The state’s regulator wants insurance carriers to pay full policy limits without requiring victims to itemize every object in their destroyed homes.

Virtually every homeowner in California may have to dip into their pockets to help cover the cost of January's Los Angeles wildfires, after the state's insurance regulator approved an industry-wide levy for the insurer of last resort.

Corelogic also estimates that 60% of these properties were total losses. *America’s Climate Problem *Hurricane Damage Hits $500 Billion *New York City Hit By Fires The overall estimate is based on 20,