Insurers and policyholders could be on the hook for $1 billion to cover claims from the Southern California wildfires.

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

California Insurance Commissioner approves $1 billion assessment to the FAIR Plan, the state's insurance safety net in light of SoCal wildfires ...

The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...