California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on ...

The California FAIR Plan was the 'insurer of last resort' for many people who lost their homes in LA last month. The FAIR Plan now needs help paying those claims.

The FAIR Plan will impose a special charge on insurers and homeowners to cover $1 billion in L.A. wildfire costs.

Bay Area homeowners will likely 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 approves $1 billion assessment to the FAIR Plan, the state's insurance safety net in light ...

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 ...

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

The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying ...

MortgagePoint examines how the California wildfires could have wide-ranging impacts on government programs, insurance ...

California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up providers.

If you live in a place with frequent wildfires, consider buying government-backed renters insurance, called the California Fair Plan. A Lemonade renters insurance policy costs $13 per month for ...