[jyl]

A lot. I haven't seen numbers, but in my modeling I'm guessing FAIR was potentially as much as 60% of Palisades and 20% of Altadena.

Saw report that FAIR had 1430 houses in 90272 zip code which is very roughly half of the Palisades fire area.

Of course, FAIR doesn't have the assets to cover the loss, but that is expected and by design - these "last-resort" state-established insurance plans are meant to spread the risk over all insurers doing business in a state. Florida's last-resort flood insurance plan is similar. There will be a timing problem - how long does it take for FAIR to collect assessments vs when claims need to be paid. I'd guess CA state will step in to bridge that timing.