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 ...
The Press Democrat27m
California homeowners to face new fees to keep fallback insurance plan solvent
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...
KSBY38m
California's insurer for people without private coverage needs $1 billion more for LA fire claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...
Insurance Insider53m
CA Fair Plan approved for $1bn assessment from member companies
California Insurance Commissioner Ricardo Lara has approved the California Fair Plan’s request to levy a $1bn assessment on ...
To Help Pay For LA Fires, California Will Collect $1 Billion From Insurers
California will collect $1 billion in special fees from insurance companies to make sure it can pay out Los Angeles fire claims filed with the Fair Plan, California's insurer of last resort, the state ...
The Santa Barbara Independent1h
Commissioner Lara Takes Action to Ensure FAIR Plan can Continue Paying Consumer Claims After the Southern California Wildfires
Ordering the insurance companies’ FAIR Plan to continue swiftly paying claims to Southern California wildfire survivors, Insurance Commissioner ...
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the state's insurer of last resort, has received approval to assess its member carriers $1 billion ...
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 ...
California Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
Insurancenewsnet.com15d
FAIR Plan vexes policyholders
For months after their home burned down in the 2021 Caldor Fire, Jennifer McKim-Hibbard and her husband would wake up and call the California FAIR Plan. The FAIR Plan, California's state-created ...
PBS16d
California's FAIR Plan Strained by Wildfires
Wildfires push California property owners to the costly FAIR insurance plan. With insurers canceling or refusing policies in high-risk wildfire areas, more Californians are turning to the FAIR ...