i've seen a few things pop up that suggest a lot of people wont be getting payouts

gpt summary

California faces an insurance crisis as wildfires devastate Los Angeles, particularly the fire-prone Pacific Palisades. State Farm recently withdrew coverage from many homes, leaving residents reliant on the overburdened state-backed FAIR plan, which is struggling to cover escalating losses. With thousands of properties destroyed and rebuilding costs often exceeding insurance payouts, homeowners are left financially vulnerable as insurers retreat from high-risk areas.

Recent regulatory changes aimed at stabilizing California's insurance market are being tested by the severity of these fires. Experts warn that without systemic solutions, the state risks an uninsurable future, with climate-driven disasters making insurance both less accessible and less affordable.