It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.

Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...

California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...

CNBC's Contessa Brewer joins 'Power Lunch' to report on California’s FAIR Plan that provides insurance to homeowners who ...

California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...

In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...

The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...

The decision was made to ensure the FAIR Plan can continue covering consumer claims following the southern California ...

State regulators approved a $1 billion bailout of California's insurer of last resort so that it could continue paying claims.

That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...