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California FAIR Plan's $1 billion bailout

Business Insider on MSN · 1d

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 to customers.

California FAIR Plan insurance $1 billion bailout | On Your Side

Harvey Rosenfield, Consumer Watchdogs, talks about the California FAIR Plan’s $1 billion bailout and the plan to impose a special charge on homeowners and insurance companies to cover L.A. wildfire costs.

East Bay Times · 1d

Bay Area homeowners likely to pay for California FAIR Plan insurance bailout

Bay Area homeowners will likely be on the hook for helping bail out California’s insurer of last resort to the tune of $1 billion after it ran out of money to pay claims from the devastating Los Angeles wildfires.

1d

California bails out FAIR Plan with $1 billion assessment in wake of LA fires

In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...

1don MSN

California’s insurer for people without private coverage needs $1 billion more for LA fires claims

California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...

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