California’s FAIR Plan gets $1 billion bailout as wildfire claims in the US state surge
California’s FAIR Plan is receiving a $1 billion bailout after running out of funds to cover wildfire claims, highlighting ...
California FAIR Plan gets $1 billion assessment to head off insolvency
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
Mansion Global4h
California’s State Insurance Gets $1 Billion Infusion as Wildfire Claims Overwhelm Providers
The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...
California FAIR Plan is running out of money; nearly all homeowners to help bail it out
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...
California Fire Insurance Ruling Spurs Policyholder Pushback (1)
A California appeals court ruling that could doom insurance coverage for smoke damage claims is in line for strong pushback ...
Los Angeles Magazine20h
State Farm Seeks 22% Rate Hike for California Homeowners
State Farm is requesting a 22% rate increase for California homeowners, citing $1 billion in recent claims and mounting ...
California’s high-risk insurer gets $1 billion bailout after L.A. fires
California's home insurance plan of last resort, designed for people who can't get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is ...