California's Department of Insurance also recently passed regulations that pave the way for rate increases in exchange for increased coverage in wildfire-prone regions. In 2024, some insurance ...
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is ...
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems ...
California sought to protect more Los Angeles-area homeowners from potentially losing their home-insurance policies as ...
Insurance companies were fleeing fire-prone parts of California even before the disaster in Los Angeles. Policymakers are ...