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

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 state’s insurance of last resort is charging a $1 billion special assessment to private insurance providers, a move ...

In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...

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

California’s regulatory restrictions on risk-based pricing have made it difficult for insurers to maintain profitability in ...

Following the California wildfires, Howden Re, the global reinsurance, capital markets, and strategic advisory arm of Howden, has released a protection ...

AM Best, a credit rating agency specialising in the insurance sector, reports that the recent surge of wildfires across Southern California has deepened ...

Jewlz and Terry Fahn make up one of thousands of Los Angeles households seeking to recover their losses after the devastation ...

In a statement released Thursday, Jan. 30, the California FAIR Plan reported ... home and building owner in the state. The FAIR Plan provides coverage for homes and businesses that can’t get ...