State regulators approved a $1 billion bailout of California's insurer of last resort so that it could continue paying claims.

The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its own. The California Department of Insurance approved the FAIR Plan's ...

Officials say that the $1 billion bailout is the largest in the history of the FAIR Plan, and will likely raise the future cost of home insurance in the state ...

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.

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

Before thousands lost their homes in the recent Los Angeles wildfires, many had lost their insurance. Some residents found ...

Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in ...

Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...

Hamlin's home was privately covered by Mercury Insurance, but Wilson was forced onto the California Fair Access to Insurance ...