The California Fair Plan (CFP) has already paid out more than $700mn for damages related to this year’s Los Angeles wildfires ...

A new commentary from AM Best noted that California policyholders increasingly turned to the state’s insurer of last resort ...

Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern ...

The fires that devastated Pacific Palisades and Altadena, California have been a nightmare for thousands of citizens who have lost loved ones and their homes. Although the human cost of tragedies of ...

Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.

Some were forced into the state’s so-called “last resort,” the California FAIR Plan, which has seen demand soar in recent years but only covers residential properties for up to $3 million.

forcing some homeowners to go without fire insurance or to use the state-sponsored insurance plan, called the California FAIR plan, which has higher premiums and less coverage.In May 2023 ...

For example, the California FAIR plan — the state-created insurer of last resort for homeowners unable to get fire insurance from traditional insurers — is expected to have claims far in ...

She was forced to switch to the California Fair Plan, the state’s insurer of last resort, which offers bare-bones fire coverage at typically high rates. By the morning of Jan. 8, her home had ...