The FAIR Plan will impose a special charge on insurers and homeowners to cover $1 billion in L.A. wildfire costs.

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

Bay Area homeowners will likely be on the hook for helping bail out California "s insurer of last resort to the tune of $1 billion after it ran out of money to pay claims from the devastating Los ...

The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...

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

The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as tariffs loom.

Markets opened lower this morning, reacting to what is viewed as a “hot” inflation report. Click here to read more about the ...

California’s regulatory restrictions on risk-based pricing have made it difficult for insurers to maintain profitability in ...

The department says it’s the first time the Fair Plan has sought approval for additional money in more than 30 years.

The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying ...

According to NOAA’s website, the mission of the U.S. government agency is, “To understand and predict changes in climate, ...