Insurers and policyholders could be on the hook for $1 billion to cover claims from the Southern California wildfires.

California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...

It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.

Insurers are not required to recover participation fees, according to the draft regulations. However, those choosing to do so ...

Bay Area homeowners will likely be on the hook for helping bail out California's insurer of last resort to the tune of $1 billion after it ran out of money to pay claims from the devastating Los ...

Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...

state law gives the FAIR Plan the ability to pass the hat among more than 100 fully licensed insurance companies in the state, provided Insurance Commissioner Ricardo Lara approves such an ...