Bay Area homeowners likely will 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 California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its own. The California Department of Insurance approved the FAIR Plan's ...
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.
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program ...
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 ultimately be ...
Lara also directed those responsible for implementing the FAIR Plan - an insurance program designed to help property owners ...
"I'm not even sure what it's going to look like because they can't get somebody to give us a call for up to three business ...
Big insurance companies have pulled back from California, forcing thousands to turn to insurers of last resort. Fire victims ...
That's enough to kick the plan's strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California FAIR Plan is an insurance association made up of private companies in the California area. It’s specifically designed for home and property owners that struggle to find coverage due ...
You can buy fire insurance from the California FAIR Plan Association if no private ... It might also cover explosions, stolen property and broken glass caused by an earthquake, though you should check ...