In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...

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

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

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

The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, has ...

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 ...

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 ...

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

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

Ordering the insurance companies' FAIR Plan to continue swiftly paying claims to Southern California wildfire survivors, Insurance Commissioner Ricardo Lara today took action to maintain its solid ...

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