fair plan california fires

California, LA

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 claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.

The New York Times · 1d

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 a home insurance crisis.

Reuters · 15h

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 insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month.

10hon MSN

California FAIR Plan's $1 billion bailout after L.A. fires

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

California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say

California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program ...

7hon MSN

Critical California insurer calls for $1 billion infusion to cover LA wildfire claims

California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.

2hon MSN

Could homeowners statewide be charged a fee to help pay for LA wildfire insurance claims? Yes, but not yet.

The California FAIR Plan was the 'insurer of last resort' for many people who lost their homes in LA last month. The FAIR Plan now needs help paying those claims.

12hon MSN

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 ...

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