California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
California bails out FAIR Plan with $1 billion assessment in wake of L.A. fires
In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...
The Business Journals3d
California bails out FAIR Plan with $1 billion assessment in wake of LA fires
all insurers in the state are required to pay assessments when requested by the California FAIR Plan. The unprecedented fires in Los Angeles were driven by 80-mile-per-hour Santa Ana winds that ...
The New York Times4d
California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires
as required by state law. “The number one priority right now is that the FAIR Plan pay out its claims,” Ricardo Lara, California’s insurance commissioner, said in an interview.
Orange County Register9h
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan ... Finances for the “Fair Access to Insurance Requirements” Plan have been under scrutiny since the devastating wildfires ...
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 ...
California's $1 Billion LA Wildfire Bill Highlights Insurers' Struggle, Analysts Say
"Tales of California residents finding it ever more expensive to get insurance are legion, assuming they can get it at all," ...
Hosted on MSN2d
Bay Area homeowners likely to pay for California FAIR Plan insurance bailout
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 ...
ConsumerAffairs1d
California FAIR Plan Reviews
California FAIR Plan ensures that California residents are able to protect their residential or commercial property in high-risk areas. What requirements must I meet to qualify for California FAIR ...
Reuters3d
California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
companies will now be required to contribute $1 billion to California's Fair Access to Insurance Requirements (FAIR) plan — also called the "insurer of last resort" — which offers coverage to ...
USA Today3d
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
Recovery efforts in Southern California are underway after deadly wildfires last month. But the state's last-resort property insurance provider needs a $1 billion infusion from private insurance ...
Yahoo Finance3d
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
(Reuters) - California ... FILE PHOTO: The Wider Image: 'The worst I've seen:' Reuters visuals journalists on the LA wildfires As of February 9, the FAIR Plan has received around 3,469 claims ...