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

California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...

The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...

California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program ...

The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...

California’s FAIR Plan is receiving a $1 billion bailout after running out of funds to cover wildfire claims, highlighting ...

As property owners struggle to find insurance policies, they’ve increasingly had to rely on the FAIR Plan (Fair Access to ...

Trees sway in high winds as the Eaton Fire burns structures on January 8, 2025, in Altadena, California (AP Photo/Ethan Swope ...

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