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 ...
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the state's insurer of last resort, has received approval to assess its member carriers $1 billion ...
California FAIR Plan is running out of money, forcing extra charges onto most homeowners
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying ...
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's insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...
California homeowners will have to fund half of high risk insurers’ $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
Santa Barbara Independent1h
Commissioner Lara Takes Action to Ensure FAIR Plan can Continue Paying Consumer Claims After the Southern California Wildfires
Ordering the insurance companies’ FAIR Plan to continue swiftly paying claims to Southern California wildfire survivors, Insurance Commissioner ...
Santa Rosa Press Democrat1h
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 ...
To Help Pay For LA Fires, California Will Collect $1 Billion From Insurers
California will collect $1 billion in special fees from insurance companies to make sure it can pay out Los Angeles fire claims filed with the Fair Plan, California's insurer of last resort, the state ...