The remains of a smoldering home in an Altadena neighborhood affected by the Eaton Fire on Jan. 8, 2025. California's insurer of last resort is facing $1 billion in losses from Southern California wildfires. Photo by Jules Hotz for CalMatters After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special charge of $1 billion on insurance companies — which will in turn pass the costs along to homeowners — the first such move in more than th...