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

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

The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...

As what's expected to be the most powerful winter storm of the season begins to bear down on Southern California, many residents living in and around the recent burn areas are probably asking ...

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’s regulator wants insurance carriers to pay full policy limits without requiring victims to itemize every object in their destroyed homes. By Rukmini Callimachi Rukmini Callimachi ...

requiring insurers to get the approval of the California Department of Insurance (CDI) for rate hikes—played a significant part in creating the current crisis. Under Proposition 103, California ...

In 2021, the company asked the California Department of Insurance for a 6.9% increase in rates, even as its in-house estimates found that a 31% hike was needed. A year later, it again asked for a ...

Daniel Robinson is a writer based in Greenville, N.C. with expertise in auto insurance ... $75,000 in cash into an account with the California Department of Motor Vehicles to prove they have ...

U.S. aid workers around the world scrambled Wednesday to pack up households or pull children from school after the Trump ...

California's FAIR Plan imposes $1 billion assessment on homeowners and insurers to ensure solvency amidst growing wildfire ...

"What we're seeing here is a very clear priority from the governor that this needs to move forward," Roy Wright, CEO of the Insurance ... California remain plentiful," the California Department ...