FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the state's insurer of last resort, has received approval to assess its member carriers $1 billion ...
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 ...
Business Insider6d
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
"The FAIR Plan must pay claims just like any other insurance company," he said in a statement. "I reject those who are hoping for the failure of our insurance market by spreading fear and doubt.
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 ...
How Wildfires Upended California’s Insurance Market
The fires that swept through Los Angeles in January will have deep and long-lasting effects on the state’s already stressed ...
U.S. News & World Report7d
California Seeks $1 Billion From Insurers to Shore up FAIR Plan After LA Fires
The program has paid out more than $914 million to policyholders. "The FAIR Plan must pay claims just like any other ...
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 ...
The Desert Sun6d
California homeowners will pay temporary fees to help pay for wildfire insurance claims
Every property insurance company licensed in California automatically becomes a FAIR Plan member as a condition of doing business in California. Those companies may be called upon to help fund the ...
The Business Journals7d
California bails out FAIR Plan with $1 billion assessment in wake of L.A. fires
“I took this necessary consumer protection action with one goal in mind: The FAIR Plan must pay claims just like any other insurance company,” said Insurance Commissioner Ricardo Lara in a ...