California's insurer for people without private coverage needs $1 billion more for LA fires claims
The department says it’s the first time the Fair Plan has sought approval for additional money in more than 30 years.
Here’s how fires and floods are intensifying the US housing crisis
The wildfires levied significant long-term damage, with thousands of homes destroyed, billions in damages and a worsening of ...
reinsurancene4h
California FAIR Plan gains approval for $1bn assessment from member firms
The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, has ...
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
Lara also directed those responsible for implementing the FAIR Plan - an insurance program designed to help property owners ...
Jefferson Public Radio6h
California homeowners to face new fees to keep fallback insurance plan solvent
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 homeowners and insurance companies, the first such move ...
Los Angeles Magazine8h
State Farm Seeks 22% Rate Hike for California Homeowners
State Farm is requesting a 22% rate increase for California homeowners, citing $1 billion in recent claims and mounting ...
California FAIR Plan is running out of money; nearly all homeowners to help bail it out
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
California’s high-risk insurer gets $1 billion bailout after L.A. fires
California's home insurance plan of last resort, designed for people who can't get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is ...
California’s insurer of last resort runs out of money to pay L.A. fire claims
In the aftermath of the Los Angeles fires, the FAIR plan gets a $1 billion bailout — the latest indication that California’s ...