The Business Journals3d
California bails out FAIR Plan with $1 billion assessment in wake of LA fires
the California FAIR Plan, the state's property insurer of last resort, requested approval for $1 billion from the California insurance commissioner, which he approved the same day. In the ...
USA Today2d
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
The California Department of Insurance said Tuesday they will allow the FAIR Plan, designed for Californians who can’t get coverage on the private market, to collect $1 billion from insurers ...
The New York Times4d
California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying a home insurance crisis. By Christopher Flavelle Christopher Flavelle ...
The Desert Sun2d
California homeowners will pay temporary fees to help pay for wildfire insurance claims
Here's what to know about the increase in California home and insurance policyholders. Under the statute, Commissioner Lara approved the FAIR Plan’s request, known as an “assessment ...
Sacramento Bee3d
California’s backup insurance provider seeks $1B after wildfires. Policyholders could pay half
The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ...
WTHR3d
California's insurer for people without private coverage needs $1 billion more for LA fires claims
USA — California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance ...