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

Amidst our evolving climate realities, many Americans are feeling the financial pinch of the climate crisis in insurance ...

The California FAIR Plan was the 'insurer of last resort' for many people who lost their homes in LA last month. The FAIR Plan now needs help paying those claims.

The FAIR Plan will impose a special charge on insurers and homeowners to cover $1 billion in L.A. wildfire costs.

NEW YORK, Feb. 12 (Xinhua) -- California's home insurance plan of last resort has run out of money to pay the wave of claims stemming from the Los Angeles fires and will receive a bailout of 1 billion ...

As property owners struggle to find insurance policies, they’ve increasingly had to rely on the FAIR Plan (Fair Access to ...

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

Nearly all Californians could see a surcharge on their property insurance bills to cover part of the industry’s losses from the Los Angeles fires after the state’s insurer of last resort said Tuesday ...

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 ...

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