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 approved a plan to increase temporary fees for most California home and fire ...
With California dealing with a home insurance crisis, insurance providers say if they can't raise rates, everyone loses.
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.
As California grapples with a home insurance crisis, Insurance Commissioner Ricardo Lara is taking action he says will save ...
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
The Associated Press on MSN9d
California’s FAIR Plan gets $1 billion bailout after L.A. fires(AP) — California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay ...
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a ...
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