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.

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 ...

Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California ...

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.

State Farm is seeking emergency rate hikes of up to 38% for California homeowners, renters and landlords following wildfire ...

In a letter to the California Department of Insurance (CDI), State Farm argues that these increases are necessary to maintain financial stability and continue offering coverage in wildfire prone ...

Capital is necessary so an insurance company can pay for any future claims for the risks it insures," State Farm General said in an open letter to the California Department of Insurance.

"State Farm General’s rate filings raise serious questions about its financial condition," said Gabriel Sanchez, press secretary for the California Department of Insurance, in an email to USA TODAY.

“State Farm General’s rate filings raise serious questions about its financial condition,” Gabriel Sanchez, press secretary for the California Department of Insurance, told USA TODAY.

It’s not the proper time to hike up.” According to the California Department of Insurance, State Farm’s request will undergo thorough investigation. “To protect millions of California ...