Bay Area homeowners will likely be on the hook for helping bail out California’s insurer of last resort to the tune of $1 ...

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

As California grapples with a home insurance crisis, Insurance Commissioner Ricardo Lara is taking action he says will save ...

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

CEO Gabriel Tirador highlighted that Mercury General achieved record-breaking results for Q4 2024, with an after-tax operating income of $154 million and a combined ratio of 91.4%. For the full year, ...

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

The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...

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

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

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

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 levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed ...