Storms threaten to cause new damage in fire-scorched Southern California
Officials in California distributed sandbags, prepositioned rescue swimmers and told residents to have their go-bags ready as ...
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California FAIR Plan runs out of money, will receive $1 billion bailout
Officials say that the $1 billion bailout is the largest in the history of the FAIR Plan, and will likely raise the future cost of home insurance in the state ...
CA seeks $1 billion from insurers to shore up fair plan
LOS ANGELES (KTLA) – A deadly crash involving a wrong-way driver forced the closure of the southbound 405 Freeway through the ...
Insurer Mercury Says It Will Survive and Prosper Despite California’s Wildfires
The stock had slumped 25% after the fires to around $50 as investors made the small-cap company into a focused bet on ...
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
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed ...
Bobby Kotick says Activision Blizzard harassment lawsuits were "fake" and simply a "plan" to drive up union membership
Ex-Activision Blizzard boss Bobby Kotick has described the legal action taken by multiple government agencies over ...
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 ...
Travelers Says California Wildfires Cost Its Insurance Business $1.7 Billion
The Travelers Companies, Inc. reported a $1.7 billion pre-tax loss ($1.3 billion after tax) due to the wildfires that ...
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
Lara also directed those responsible for implementing the FAIR Plan - an insurance program designed to help property owners ...