Insurance Provided by Fair Plans by State

California, LA

Critical California insurer calls for $1 billion infusion to cover LA wildfire claims

California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.

The Associated Press on MSN · 1d

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 claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.

U.S. News & World Report · 2d

California Seeks $1 Billion From Insurers to Shore up FAIR Plan After LA Fires

California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month.

Hosted on MSN1d

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 ...

10d

What is the FAIR Plan and will it be fair to wildfire victims?

Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...

Los Angeles Daily News13d

FAIR Plan gets 4,400 insurance claims from LA County wildfire victims

state law gives the FAIR Plan the ability to pass the hat among more than 100 fully licensed insurance companies in the state, provided Insurance Commissioner Ricardo Lara approves such ...

Los Angeles Times12d

Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort

More than 4,400 fire-affected homeowners in Los Angeles County have filed insurance claims with the state’s insurer of last resort — the California FAIR Plan. That’s enough to kick the plan ...

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