California FAIR Plan gets $1 billion assessment to head off insolvency
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
California Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
California’s insurer of last resort runs out of money to pay L.A. fire claims
In the aftermath of the Los Angeles fires, the FAIR plan gets a $1 billion bailout — the latest indication that California’s ...
California bails out FAIR Plan with $1 billion assessment in wake of LA fires
In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...
California’s backup insurance provider seeks $1B after wildfires. Policyholders could pay half
The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ultimately be ...
Los Angeles Times19h
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The plan said in a letter to Insurance Commissioner Ricardo Lara that it expects losses of roughly ... for an emergency rate ...
Napa Valley Register6h
California homeowners to fund half of high-risk fire insurer's $1 billion 'bailout'
California's last-resort fire insurance provider will impose a special charge of $1 billion on insurance companies – which will in turn pass the costs along to homeowners – the first ...
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...
Santa Rosa Press Democrat10h
California homeowners to face new fees to keep fallback insurance plan solvent
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...
Insurance commissioner urges inventory requirement waiver
Owners of homes lost in L.A. wildfires may not have to tally their burned stuff to be paid back by insurance companies.
California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
Here’s how fires and floods are intensifying the US housing crisis
The wildfires levied significant long-term damage, with thousands of homes destroyed, billions in damages and a worsening of ...