In a statement released Thursday, Jan. 30, the California ... cost. In addition, owners must seek separate “wraparound” policies for liability, theft and other types of coverage. Yet, the FAIR ...
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 ...
The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
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The department says it’s the first time the Fair Plan has sought approval for additional money in more than 30 years.
The wildfires that tore through Los Angeles have left residents with ample financial anxieties. There are few answers right ...
the FAIR Plan said it can only tap into re-insurance — essentially insurance for insurance companies — once it pays its first $900 million in claims. See also: Why all California homeowners could be ...
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