California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...
Mansion Global9h
California’s State Insurance Gets $1 Billion Infusion as Wildfire Claims Overwhelm Providers
The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...
California farm donates hundreds of thousands of eggs to wildfire victims and first responders
As consumers face skyrocketing egg prices and widespread shortages, a California farm is donating hundreds of thousands of fresh eggs to people affected by last ...
California Fire Insurance Ruling Spurs Policyholder Pushback (1)
A California appeals court ruling that could doom insurance coverage for smoke damage claims is in line for strong pushback ...
California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
California’s FAIR Plan gets $1 billion bailout as wildfire claims in the US state surge
California’s FAIR Plan is receiving a $1 billion bailout after running out of funds to cover wildfire claims, highlighting ...
Hosted on MSN8h
Bay Area homeowners likely to pay for California FAIR Plan insurance bailout
Bay Area homeowners will likely be on the hook for helping bail out California's insurer of last resort to the tune of $1 billion after it ran out of money to pay claims from the devastating Los ...
California FAIR Plan gets $1 billion assessment to head off insolvency
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
Santa Rosa Press Democrat6h
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 ...
LAist on MSN3h
To keep California high-risk insurer solvent, homeowners will face a one-time assessment
The FAIR Plan will impose a special charge on insurers and homeowners to cover $1 billion in L.A. wildfire costs.
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 ...
Climate-driven insurance crisis
Amidst our evolving climate realities, many Americans are feeling the financial pinch of the climate crisis in insurance ...