California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on ...

State regulators approved a $1 billion bailout of California's insurer of last resort so that it could continue paying claims.

The stock had slumped 25% after the fires to around $50 as investors made the small-cap company into a focused bet on California’s ...

California Gov. Gavin Newsom and state legislators in Sacramento seem to agree: Prescription drug prices are too high. But ...

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.

The FAIR Plan will impose a special charge on insurers and homeowners to cover $1 billion in L.A. wildfire costs.

Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...

After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...

It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.

CEO Gabriel Tirador highlighted that Mercury General achieved record-breaking results for Q4 2024, with an after-tax operating income of $154 million and a combined ratio of 91.4%. For the full year, ...

California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program ...