Could homeowners statewide be charged a fee to help pay for LA wildfire insurance claims? Yes, but not yet.
The California FAIR Plan was the 'insurer of last resort' for many people who lost their homes in LA last month. The FAIR Plan now needs help paying those claims.
Insurancenewsnet.com17h
Bay Area homeowners likely to pay forfCalifornia FAIR Plan insurance bailout
Bay Area homeowners will likely 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 ...
The National Law Review18h
New Direct Mail Laws: California, Here We Come
With the all the preparation around 1:1 consent, a lot of marketers planned on moving away from telephone solicitations to ...
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.
Hosted on MSN19h
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 ...
California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
(Reuters) - California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has ...
The LA fires have a shocking price tag — and we’ll all have to pick up the tab
The destruction of some of the state’s most expensive mansions in communities like Pacific Palisades received much of the attention, but the fires also displaced people in predominantly middle- and ...
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 ...
The Sacramento Observer1d
California homeowners to face new fees to keep fallback insurance plan solvent
California's FAIR Plan imposes $1 billion assessment on homeowners and insurers to ensure solvency amidst growing wildfire ...
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 ...
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the insurer of last resort, received approval to assess member carriers $1 billion to help pay its ...
What does the future of home insurance look like? The FOX 26 News Team takes a look
The FOX 26 News team continues to look at home insurance rates in california..As the state was seeing significant rate hikes especially over the last five years ...