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

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

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

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 ...

Ordering the insurance companies’ FAIR Plan to continue swiftly paying claims to Southern California wildfire survivors, Insurance Commissioner ...

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

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 ...

That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...

The California program was created to protect urban neighborhoods. Now it’s become an incentive to build in fire-prone areas.