California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up ...

Last March, FAIR Plan President Victoria Roach told the provider only had $700 million in cash on hand. Should it run out of money, state law gives the FAIR Plan the ability to pass the hat among ...

Last March, FAIR Plan President Victoria Roach told lawmakers the provider only had $700 million in cash on hand. Should it run out of money, state law gives the FAIR Plan the ability to pass the ...

State Insurance Commissioner Ricardo Lara leaves an Assembly Committee on Insurance hearing on Tuesday, Sept. 17, 2024 at Los Angeles City Hall. (Photo by Sarah Reingewirtz, Los Angeles Daily ...