Insurance Insider9d
Fair Plan stretches tower by $1bn after taking ~$4bn wildfire loss
The Fair Plan last year only had around $2.5bn of reinsurance cover part-placed across a layer attaching at $900mn and ...
The Desert Sun28d
California homeowners will pay temporary fees to help pay for wildfire insurance claims
The $1 billion in additional funding for the state's FAIR Plan will ensure consumer claims are paid after the devastating wildfires in Southern California, Lara said. Members of the FAIR Plan ...
The Washington Post28d
California’s insurer of last resort runs out of money to pay L.A. fire claims
Since then, the FAIR plan has been inundated with claims for damage by homeowners who lost everything — and who had not been able to get coverage on the private market. To date, the plan has ...
USA Today28d
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
The California Department of Insurance said Tuesday they will allow the FAIR Plan, designed for Californians who can’t get coverage on the private market, to collect $1 billion from insurers ...
AOL29d
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan received approval Tuesday from the state's insurance commissioner to assess its member companies $1 billion to help pay its Los Angeles fire claims — with consumers ...