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

In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...

California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...

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

The California FAIR Plan, the state's insurer of last resort, has received approval to assess its member carriers $1 billion ...

Insurers are not required to recover participation fees, according to the draft regulations. However, those choosing to do so ...

California Insurance Commissioner Ricardo Lara has approved the California Fair Plan’s request to levy a $1bn assessment on ...

The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, has ...

Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...

California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said ...

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

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