The California FAIR Plan has an outsized share of the state’s riskiest policies because it is the insurer of last resort for home and building owners who can’t get coverage elsewhere.

SAN DIEGO — As wildfires continue to ravage Los Angeles County, concerns are mounting over the financial capacity of California's insurer of last resort, the FAIR Plan, to handle what will ...

The California FAIR Plan Assn., the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in U.S. history.

To remain solvent, California’s Fair Plan may turn to its member insurers for financial help and prompt them to levy surcharges on policyholders. The California FAIR Plan Assn., the state’s ...

LOS ANGELES — The California FAIR Plan Association, the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in ...

Some were pushed to the insurer of last resort, the California FAIR plan. California Deputy Insurance Commissioner Michael Soller describes that as "limited coverage at a higher cost. You pay more ...

Commissioner Lara heralded July’s change in rules as part of an overdue modernization of California FAIR. “It’s critical for Californians to understand that a growing FAIR Plan contributes ...

Ashley Parks is an Associate Editor at Newsweek based in North Carolina. Her focus is on personal finance, particularly covering debt, banking and Gen Z money. Ashley joined Newsweek in 2024 after ...

Between making arrangements for new housing and new schools and navigating the maze of the woefully inadequate California Fair Plan, we’re starting to compare notes and ask questions.

In September, California’s Insurance Commissioner Ricardo Lara announced details of his Sustainable Insurance Strategy — a plan intended to strengthen the financial stability of the FAIR plan.