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California FAIR Plan's $1 billion bailout

Hosted on MSN · 17h

California homeowners will pay part of FAIR Plan’s $1 billion assessment

The state’s insurance of last resort is charging a $1 billion special assessment to private insurance providers, a move approved Tuesday by the state’s insurance commissioner after a record number of FAIR Plan claims were filed after January wildfires in Los Angeles County.

LA Times on MSN · 1d

FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half

The California FAIR Plan, the insurer of last resort, received approval to assess member carriers $1 billion to help pay its L.A. fire losses -- with consumers possibly on the hook for nearly half.

CNBC on MSN · 20h

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.

1don MSN

California’s insurer for people without private coverage needs $1 billion more for LA fires claims

California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...

23h

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 ...

2hon MSN

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 ...

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