That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...

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 ...

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

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

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

To remain solvent, California’s Fair Plan may turn to its member insurers for financial help and prompt them to levy surcharges on policyholders. The California FAIR Plan Assn., the state’s ...

The California FAIR Plan Assn., the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in U.S. history. The Watts ...

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

Travelers said it expects pretax catastrophe losses of $1.7 billion from the devastating wildfires that struck southern ...

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

The California FAIR Plan Assn., the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in U.S. history.