Who's on the hook for California's uninsurable homes?

The Southern California wildfires are devastating large swathes of Los Angeles, destroying homes and businesses and displacing thousands. In the state's strained insurance system, homeowners who can't get fire coverage from traditional insurers are left with just one option—the FAIR Plan. Today on the show, we explain how the FAIR Plan works and the existential problems it now faces as the wildfires put new pressure on California's insurance market. Related episodes: When insurers can't get insurance For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org . Fact-checking by Sierra Juarez . Music by Drop Electric . Find us: TikTok , Instagram , Facebook , Newsletter . Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy