California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out ...
With about 4.5% of California’s home insurance market, Mercury faces a double whammy from the fires that engulfed Pacific ...
Lara also directed those responsible for implementing the FAIR Plan - an insurance program designed to help property owners ...
In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The plan said in a letter to Insurance Commissioner Ricardo Lara that it expects losses ... which has yet to move forward.
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
In the aftermath of the Los Angeles fires, the FAIR plan gets a $1 billion bailout — the latest indication that California’s ...
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying ...
Owners of homes lost in L.A. wildfires may not have to tally their burned stuff to be paid back by insurance companies.
The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, has ...
The wildfires levied significant long-term damage, with thousands of homes destroyed, billions in damages and a worsening of ...
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