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 ...
Here’s how fires and floods are intensifying the US housing crisis
The wildfires levied significant long-term damage, with thousands of homes destroyed, billions in damages and a worsening of ...
Santa Rosa Press Democrat9h
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 ...
Los Angeles Magazine12h
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 ...
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 ...
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 FAIR Plan is running out of money, forcing extra charges onto most homeowners
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
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 ...
What does the future of home insurance look like? The FOX 26 News Team takes a look
The FOX 26 News team continues to look at home insurance rates in california..As the state was seeing significant rate hikes especially over the last five years ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
northcarolinahealthnews.org2d
Insurance companies tighten coverage as U.S. faces growing risk from natural disasters
While insurance companies press for higher premiums from policyholders to cover liability, state insurance commissioners are fiercely negotiating with the companies to keep rates as low as possible to ...