Insurance company goes under after California's most destructive wildfire
By Holly Yan and Chris Boyette, CNN
December 4, 2018
(CNN) California's Camp Fire didn't just kill dozens of people and destroy thousands of homes. It also left an insurance company in financial ruins, unable to pay millions of dollars to policyholders.
Fortunately for Merced's policyholders, they are covered by the California Insurance Guarantee Association, which "protects resident claimants in the event of an insurance company insolvency."