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 ...

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

(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 ...

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

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

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 ...

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 ...

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