California Insurance Commissioner calls on insurance companies to bail out FAIR Plan
As California grapples with a home insurance crisis, Insurance Commissioner Ricardo Lara is taking action he says will save ...
Bay Area homeowners likely to pay for California FAIR Plan insurance bailout
Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...
California bails out FAIR Plan with $1 billion assessment in wake of L.A. fires
In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...
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.
California FAIR Plan's $1 billion bailout after L.A. fires
CNBC's Contessa Brewer joins 'Power Lunch' to report on California’s FAIR Plan that provides insurance to homeowners who ...
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...
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 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 ...
Could homeowners statewide be charged a fee to help pay for LA wildfire insurance claims? Yes, but not yet.
The California FAIR Plan was the 'insurer of last resort' for many people who lost their homes in LA last month. The FAIR Plan now needs help paying those claims.
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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's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program ...
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.