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 ...

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.

As California grapples with a home insurance crisis, Insurance Commissioner Ricardo Lara is taking action he says will save California's insurance program of last resort, known as the FAIR Plan.

It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.

California Insurance Commissioner approves $1 billion assessment to the FAIR Plan, the state's insurance safety net in light of SoCal wildfires ...

Explore step-by-step guides and state-specific requirements to secure your real estate license in all 50 states, including ...

California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up providers.

Some of the coverages the FAIR Plan offers: The California FAIR Plan website has info on its policies, coverages and application process, but it doesn’t disclose its rates or premiums.

If you live in a place with frequent wildfires, consider buying government-backed renters insurance, called the California Fair Plan. A Lemonade renters insurance policy costs $13 per month for ...