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NEW: A Malibu homeowner tells me the insurance premium presented to his family to cover their home, minus earthquake coverage, is $90,000 per year. With limited insurance options -- companies like State Farm, Allstate, Farmers, Nationwide and other major companies have stopped writing new policies in California -- and without a better option, they are going without insurance.Insurance companies cite challenges like increased wildfire mismanagement, the high cost of construction, over-regulation and difficulty in getting approval by the state for rate hikes as the reason for higher premiums.The Malibu family's only option is the "insurance of last resort," the California Fair Plan, which recently had to collect $1 billion to keep from going under. "We are one fire away from insolvency," says one CA assemblyman.When that happens, there will be no insurance option for California homeowners.Jeff Vaughn