California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...
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 ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up providers.
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a ...
The $1 billion in additional funding for the state's FAIR Plan will ensure consumer claims are paid after the devastating wildfires in Southern California, Lara said. Members of the FAIR Plan ...
(AP) — California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay ...
State regulators said Tuesday that they will allow the program, known as the FAIR Plan, to collect $1 billion from private insurance companies doing business in California to pay its claims.
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