California Department of Insurance (CDI) Commissioner Ricardo Lara has requested $1bn in additional funds from the commission's member insurers to strengthen the FAIR Plan insurance programme.

The $1 billion in additional funding for the state's FAIR Plan will ensure consumer claims are paid after the devastating wildfires in Southern California, Lara said. Members of the FAIR Plan ...

The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ...

Roughly 4,700 claims have been filed as of this week, and the plan has already paid out more than $914 million. Another insurance company is rolling back coverage in California Under a FAIR Plan ...

In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested approval for $1 billion from the California insurance commissioner ...

WE HAVE SENT KCRA 3’S ANDREA FLORES DOWN TO SOUTHERN CALIFORNIA TO LOOK AT THE DEVASTATION ... the state Insurance Department said Tuesday. The FAIR Plan is an insurance pool that all the ...

This is likely to drive up insurance costs for homeowners across the state as private insurers try to plug the financial hole in the FAIR Plan with the assessments. Also see: Why all California ...