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

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

(Reuters) - California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's ...

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

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 ...

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

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

These days, the FAIR (Fair Access to Insurance Requirements) Plan is becoming more of a first option than a last resort. The reliance on the program today stems from the state’s private ...

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