California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on ...

It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.

California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program ...

CNBC's Contessa Brewer joins 'Power Lunch' to report on California’s FAIR Plan that provides insurance to homeowners who ...

The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...

Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...

It’s the first time ever such a surcharge, which Floridians already know as a “hurricane tax,” will hit Californians, and ...

California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.

California’s FAIR Plan is receiving a $1 billion bailout after running out of funds to cover wildfire claims, highlighting ...

After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...

Trees sway in high winds as the Eaton Fire burns structures on January 8, 2025, in Altadena, California (AP Photo/Ethan Swope ...

The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...