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

Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...

The Travelers Companies, Inc. (NYSE: TRV) announced Tuesday that it expects $1.7 billion in pretax catastrophe losses from the California wildfires that swept through the state in January. After taxes ...

California Insurance Commissioner Ricardo Lara has requested that property insurers provide full personal property coverage ...

Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...

This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...

More than 4,400 fire-affected homeowners in Los Angeles County have filed insurance claims with the state’s insurer of last resort — the California FAIR Plan. That’s enough to kick the plan ...

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

Travelers Cos. said it expects about $1.7 billion of pretax losses from the wildfires that devastated Los Angeles last month.

What happens if the FAIR plan goes bust? If the money in the FAIR Plan runs out, insurance companies operating in California may be required to contribute additional capital to the plan.