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 ...
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.
California’s backup insurance provider seeks $1B after wildfires. Policyholders could pay half
The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ultimately be ...
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 ...
California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying ...
California FAIR Plan needs $1 billion more to pay out claims from LA fires
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said ...
Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims
The post Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims appeared first ...
LA wildfires highlight nation’s insurance crisis as homeowners try to recover lost homes
The nation’s growing home insurance crisis is in the spotlight as California homeowners begin the long road to rebuilding ...
Associated Press8d
LA neighbors have vastly different post-wildfire rebuilding options due to insurance crisis
Copyright 2025 The Associated Press. All Rights Reserved. Before a wildfire ravaged their Altadena, California street, Louise ...
Opinion
The FAIR Plan Was Meant to Insure Against Racism, Not Wildfires
The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.
USA Today13d
California legislation would allow victims to sue oil and gas companies over disasters
"We are all paying for these disasters, but there is one stakeholder that is not paying: the fossil fuel industry ... Among the insurance companies would be those under California's FAIR Plan, the ...