“The FAIR Plan does not have a role in determining how insurers manage costs associated once an assessment is approved,” the ...

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

the FAIR Plan, to impose the charge and ensure it stays solvent as it covers claims from victims of the Los Angeles County ...

California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.

In a press release, the California Department of Insurance wrote the action is consistent with his Sustainable Insurance Strategy and FAIR Plan modernization order, issued last summer, which ...

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

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

The devastating wildfires in the Los Angeles region earlier this year have caused enormous financial strain on recovery mechanisms, such as the ...