News

What happened: Consumer Watchdog filed a lawsuit Monday alleging that Insurance Commissioner Ricardo Lara’s decision last summer to allow insurance companies that contribute to the FAIR Plan to ...
Lara earlier this year said the FAIR Plan could seek $1 billion from its members, the companies that sell property insurance in the state, in response to the Los Angeles-area wildfires.
Construction of Adelaide’s fourth tallest tower has reached its highest point, as its developer closes in on a global hotel brand for a new high-rise project in the CBD. A topping out ceremony ...
Traffic police have issued a four-day traffic diversion plan for areas around the Expo Mart due to the 60th edition of the Indian Handicrafts and Gifts Fair (IHGF), scheduled to take place at the ...
In February, the state insurance department allowed the program, known as the FAIR Plan, to collect $1 billion in emergency payments from other insurers — who are expected to pass on a ...
Lara agreed last summer to allow the FAIR Plan to assess traditional insurers for funds to cover losses that the FAIR Plan incurred after a catastrophe — such as the LA County fires. The FAIR Plan ...
The Fair Plan Assn. is run by licensed property and casualty companies to offer insurance to home and business owners who cannot obtain insurance through the commercial market. The insurers ...
California’s insurance commission in February ordered insurers doing business in California to provide $1 billion to the FAIR Plan, the state’s insurer of last resort, to help it pay out ...