California FAIR Plan gets $1 billion assessment to head off insolvency
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
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 ...
Silicon Valley on MSN20h
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 it ran out of money to pay claims arising from the devastating Los Angeles ...
Los Angeles Times11d
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
FAIR provides insurance coverage to homeowners who can’t find an insurer to offer ... must turn to reinsurance to cover its costs. California’s Fair Plan, the state’s insurer of last resort ...
California’s FAIR Plan Needs $1B for Wildfire Claims, Costs Passed to Policyholders
Learn about California's insurance plan for homeowners struggling with high-risk coverage amid the Los Angeles wildfires.
AOL11d
Wildfire victims file more than 4,400 claims with California's FAIR Plan, home insurer of last resort
More than 4,400 fire-affected homeowners in Los Angeles County have filed insurance claims with the state’s insurer of last resort — the California FAIR Plan. That’s enough to kick the plan ...
SFGate8d
LA neighbors have vastly different post-wildfire rebuilding options due to insurance crisis
The issue is particularly acute in California ... find private insurance again. There was another catch: Wilson said he couldn’t get comprehensive replacement cost coverage on the FAIR Plan ...
CBS News7d
Los Angeles wildfire victims' rebuilding options vary wildly among neighbors due to insurance crisis
The issue is particularly acute in California ... find private insurance again. There was another catch: Wilson said he couldn't get comprehensive replacement cost coverage on the FAIR Plan ...
Yahoo News Canada11d
Wildfire victims file more than 4,400 claims with California's FAIR Plan, home insurer of last resort
FAIR provides insurance coverage to homeowners who can’t find an insurer to offer them a policy ... the threshold at which FAIR must turn to reinsurance to cover its costs. Read more: California's ...