About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

UC Berkeley's Dave Jones, the former insurance commissioner of California, explains the stakes of the current wildfire emergency and what might happen next.

The program guaranteeing fire insurance coverage for homeowners turned down by traditional companies, known as the California FAIR Plan​, could run out of money following the devastating destruction caused by the Palisades and Eaton fires.

The Palisades and Eaton wildfires have decimated entire suburban neighborhoods — and extinguished any hopes of fire-insurance relief for urban centers across California.