Bay Area homeowners likely will be on the hook for a share of a massive bailout of California's insurer of last resort after it ran out of money to pay claims arising from the devastating Los Angeles ...
Expected claims payments to Los Angeles County wildfire victims appear to have exceeded $900 million for the state’s insurer of the last resort, allowing it to tap into “reinsurance ...
California Insurance Commissioner ... directed the FAIR Plan to hire additional staff needed to process and pay claims fairly, fully and quickly, according to the statement, as well as other ...
The California ... by Insurance Commissioner Ricardo Lara. “Wildfire survivors can’t cash ‘what ifs’ to pay for food and rent,” he said in a statement, “but they can cash FAIR Plan ...
Feb 11 (Reuters) - California Insurance ... million to policyholders. "The FAIR Plan must pay claims just like any other insurance company," Lara said in a statement on Tuesday.
The department says it’s the first time the Fair Plan has sought approval for additional money in more than 30 years.
By Christopher Flavelle Christopher Flavelle has been covering the effects of climate change on California’s insurance ... statement. He also said that state regulators must allow the FAIR Plan ...
Property owners across California will likely ... more people at risk. "The FAIR Plan must pay claims just like any other insurance company," he said in a statement. "I reject those who are ...
WE HAVE SENT KCRA 3’S ANDREA FLORES DOWN TO SOUTHERN CALIFORNIA ... the FAIR Plan must pay claims just like any other insurance company,” Insurance Commissioner Ricardo Lara said in a statement.