California lawmakers propose 10-bill package to tackle wildfire insurance crisis
The California Department of Insurance is backing a comprehensive package of 10 bills aimed at addressing the rising ...
Oakdale Leader1d
Wildfire recovery legislation goal is to safeguard consumers
Among the 10 proposals sponsored by the Commissioner are a new statewide grant program to assist with wildfire hardening, ...
California Bill Could Force Insurers to Change Payout Policies
Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes ...
How California can rebuild safer, more resilient cities after wildfires without pricing out workers
It starts with better building policies that recognize future risks, but there are many other important steps.
Insurancenewsnet.com2d
Insurance commissioner, legislative leaders join forces to introduce proposals for wildfire mitigation and recovery
Insurance Commissioner Ricardo Lara, along with several legislators, is advancing a comprehensive legislative package aimed at protecting wildfire survivors and improving preparedness for future ...
R Street Institute3dOpinion
What is the FAIR Plan and will it be fair to wildfire victims?
As Angelenos begin the long process of rebuilding after recent devastating wildfires, a program created in the aftermath of ...
FAIR Plan bailout deepens housing strains
California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...
Orange County Register5d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
Expected claims payments to Los Angeles County wildfire victims appear to have ... In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims ...
insurancebusinessmag6d
'It's a massive cleanup effort': FAIR Plan's wildfire surge sparks industry-wide alarm
“The FAIR Plan is suitable as the insurer of last resort,” he said, adding that while it provides coverage, it comes with ...
insurancebusinessmag6d
Revealed - insurers may recover up to half of $1B California FAIR Plan assessment
California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a ...
Insurancenewsnet.com6d
California Insurers Can Pass Half of $1B FAIR Plan Rescue Cost to Policyholders | Insurify
California's insurer of last resort for fire insurance says it needs $1 billion to ensure it can continue paying claims in the wake of the Palisades and Eaton wildfires. And State Insurance ...