California homeowners will pay part of FAIR Plan’s $1 billion assessment
The state’s insurance of last resort is charging a $1 billion special assessment to private insurance providers, a move ...
FAIR Plan bailout deepens housing strains
California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...
California FAIR Plan is running out of money; nearly all homeowners to help bail it out
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
The Victoria Advocate10d
Homeowner Surcharge to Bailout Insurers for FAIR Plan Losses Unfair and Illegal, Says Consumer Watchdog
LOS ANGELES, Feb. 11, 2025 /PRNewswire/ -- Insurance Commissioner Ricardo Lara announced today he would let home insurance companies charge every homeowner in the state for losses by the FAIR Plan ...
California homeowners will pay temporary fees to help pay for wildfire insurance claims
California Insurance Commissioner approves $1 billion assessment to the FAIR Plan, the state's insurance safety net in light ...
Bay Area homeowners likely to pay for California FAIR Plan insurance bailout
Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...
Business Insider8d
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
Property owners across California will likely pay higher insurance premiums to help cover the damages of the Los Angeles wildfires after the state's insurance plan of last resort said it doesn't ...
California bails out FAIR Plan with $1 billion assessment in wake of LA fires
In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...
L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
The Washington Post8d
California’s insurer of last resort runs out of money to pay L.A. fire claims
potentially raising the cost of home insurance across the state. In a statement, Lara defended the assessment as necessary to protect the FAIR plan’s ability to pay out claims. “Wildfire survi ...
Insurancenewsnet.com8d
California homeowners will pay part of FAIR Plan’s $1 billion assessment
This is likely to drive up insurance costs for homeowners across the state as private insurers try to plug the financial hole in the FAIR Plan. Also see: Why all California homeowners could be on ...