California Seeks $1 Billion From Insurers to Shore up FAIR Plan After LA Fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month.
California's insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los ...
A California appeals court ruling that could doom insurance coverage for smoke damage claims is in line for strong pushback ...
Many Altadena and Palisades fire victims struggle to itemize the possessions they lost. Insurance Commissioner Lara says ...
The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...
For decades, California's byzantine insurance regulations effectively forced insurers to subsidize people living in ...
California "s insurance commissioner approved a plan Tuesday, Feb. 11, to keep the state" s insurance of last resort solvent by collecting an additional $1 billion from all private insurance members ...
A bill would allow homeowners to receive the interest accrued on insurance payments for lost or damaged property, rather than ...
Owners of homes lost in L.A. wildfires may not have to tally their burned stuff to be paid back by insurance companies.
More than 30,000 insurance claims have been filed after the devastating Los Angeles-area wildfires, according to the new ...
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