In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...

California's insurer of last resort for fire insurance says it needs $1 billion to ensure it can continue paying claims in the wake of the Palisades and Eaton wildfires. And State Insurance ...

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

California’s insurance commissioner approved a plan Tuesday, Feb. 11, to keep the state’s insurance of last resort solvent by collecting an additional $1 billion from all private insurance ...

The department says it’s the first time the Fair Plan has sought approval for additional money in more than 30 years.

Allstate Insurance says it will pay out $1.1 billion in claims caused by the wildfires that swept through Southern California in January. While the expected payout ...

FAIR, with its high premiums and basic coverage, was designed as a temporary safety net until policyholders find a more ...

State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...

If the money in the FAIR Plan runs out, insurance companies operating in California may be required to contribute ... Unlike ...

In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR Plan is ...