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

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

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

The California FAIR Plan, the insurer of last resort, received approval to assess member carriers $1 billion to help pay its ...

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

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

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

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 ...

California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...

In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...

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