Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
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 ...
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by ...
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is ...
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
California sought to protect more Los Angeles-area homeowners from potentially losing their home-insurance policies as ...