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 ...
California Insurance Commissioner ... directed the FAIR Plan to hire additional staff needed to process and pay claims fairly, fully and quickly, according to the statement, as well as other ...
The California ... by Insurance Commissioner Ricardo Lara. “Wildfire survivors can’t cash ‘what ifs’ to pay for food and rent,” he said in a statement, “but they can cash FAIR Plan ...
(Reuters) - California Insurance ... $914 million to policyholders. "The FAIR Plan must pay claims just like any other insurance company," Lara said in a statement on Tuesday.
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.
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