California, the FAIR

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 own. Instead, it will turn to private insurers for help — triggering a process where insured California homeowners across the state will end up paying part of the bill.
Revealed - insurers may recover up to half of $1B California FAIR Plan assessment
California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a temporary supplemental fee on policyholders, according to a report from AM Best. The measure is intended to help maintain market stability and coverage availability, according to Insurance Commissioner Ricardo Lara.
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 can’t get private coverage needing $1 billion more to pay out claims related to the Los Angeles fires.
California’s $1 Billion Insurer Bailout Deepens Housing Strains
A $1 billion assessment announced Tuesday for California’s FAIR Plan, the state-run insurer of last resort, is expected to drive up premiums as companies will likely pass some of the costs onto homeowners.
California FAIR Plan insurance $1 billion bailout | On Your Side
Harvey Rosenfield, Consumer Watchdogs, talks about the California FAIR Plan’s $1 billion bailout and the plan to impose a special charge on homeowners and insurance companies to cover L.A. wildfire costs.
California fire insurer of last resort to be bailed out by assessments on other insurers
California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on private insurers to ensure it can continue paying claims from the devastating January 2025 wildfires.
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’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 the growing instability of the state’s home insurance market, the Washington Post reports.
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 it ran out of money to pay claims arising from the devastating Los Angeles wildfires.
Californians Made to Pay More for Coverage to Help Bail Out Insurers
State regulators approved a $1 billion bailout of California's insurer of last resort so that it could continue paying claims.
Bailing out the FAIR plan, broligarchs beef, and CFPB RIP?
What's going on with the FAIR plan in a post-Eaton and Palisades fires California? What's the backstory to the frozen Consumer Financial Protection Bureau? And why are the two tech bros very publicly going at it?
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.
The New York Times4d
California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires
State regulators said Tuesday that they will allow the program, known as the FAIR Plan, to collect $1 billion from private insurance companies doing business in California to pay its claims.
Insurancenewsnet.com3d
California homeowners will likely share pain of LA fire losses
Virtually every homeowner in California may have to dip into their pockets to help cover the cost of January's Los Angeles wildfires, after the state's insurance regulator approved an industry-wide ...
California homeowners will pay temporary fees to help pay for wildfire insurance claims
California Insurance Commissioner approves $1 billion assessment to the FAIR Plan, the state's insurance safety net in light of SoCal wildfires ...