Insurance department investigates State Farm over Los Angeles fire survivors’ smoke damage claims as insurer awaits approval ...

State insurance programs serve as critical safety nets. When residents struggle to obtain coverage from private insurers, ...

BROTHERS IN CATASTROPHE: Insurance Commissioner Ricardo Lara knows he’s not making many friends in California as he ... s received since he allowed the FAIR Plan to pass the bill to ...

as well as the FAIR Plan — the fire insurance provider of last resort in California. Just like State Farm has been accused of delaying claims and payments related to smoke damage, so has the ...

California already has ... he was given an award by the Insurance Institute for Business and Home Safety. Even better, he was able to get off the FAIR Plan insurance. "My home is gone and a ...

She had the California FAIR plan, the state’s insurance of last resort. It covered $500,000 total, but about half of that will go to pay off her mortgage, because she’d taken out equity on her home.

The wildfires have exposed cracks in the insurance system. As Bankrate observed, California's FAIR Plan, the state's insurer of last resort, has run out of money and is now leaning on private insurers ...

Representative of the state's insurance industry tells regulator that insurers have to pass on the cost to stay solvent.

As natural disasters continue to impact the insurance market, Texas has seen a surge in policyholders relying on the Texas ...