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

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

California’s insurance commissioner approved a plan Tuesday, Feb. 11, to keep the state’s insurance of last resort solvent by ...

Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...

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

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 ...

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 ...