Bay Area homeowners likely to pay for California FAIR Plan insurance bailout
Bay Area homeowners will likely be on the hook for helping bail out California’s insurer of last resort to the tune of $1 ...
California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed ...
Bill McEwen3h
California’s FAIR Plan Needs $1B for Wildfire Claims, Costs Passed to Policyholders
Learn about California's insurance plan for homeowners struggling with high-risk coverage amid the Los Angeles wildfires.
Multi-Housing News3h
Wildfire Risk and Resilience: A Guide for Multifamily Property Owners
Resilience is critical as the likelihood of catastrophic losses rises, writes Michael Shadeed of Franklin Street.
California’s backup insurance provider seeks $1B after wildfires. Policyholders could pay half
The California FAIR Plan on Tuesday was allowed to seek $1 billion from insurance companies that do business in the state in response to the Los Angeles wildfires — half of which could ultimately be ...
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.
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 ...
Axios on MSN4h
California homeowners will likely share pain of LA fire losses
Virtually every homeowner in California may have to dip into their pockets to help cover the cost of January's Los Angeles ...
Some wildfire bills miss state’s main fire problems
Gov. Gavin Newsom last month announced a “Marshall Plan” to rebuild the region after wildfires claimed 29 lives and could ...
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...
LA mobile home park fire victims face uncertain future
When and whether mobile home owners can return to rebuild depends on state, local and federal policies and aid.
California bails out FAIR Plan with $1 billion assessment in wake of LA fires
In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...