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 ...

It’s the first time ever such a surcharge, which Floridians already know as a “hurricane tax,” will hit Californians, and ...

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 ...

As California grapples with a home insurance crisis, Insurance Commissioner Ricardo Lara is taking action he says will save California's insurance program of last resort, known as the FAIR Plan.

It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.

The department says it’s the first time the Fair Plan has sought approval for additional money in more than 30 years.

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

California’s regulatory restrictions on risk-based pricing have made it difficult for insurers to maintain profitability in ...

Following the California wildfires, Howden Re, the global reinsurance, capital markets, and strategic advisory arm of Howden, has released a protection ...

AM Best, a credit rating agency specialising in the insurance sector, reports that the recent surge of wildfires across Southern California has deepened ...