The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...

The inevitable result of a fracturing private insurance market will be the socialization of disaster losses, as seen in ...

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 ...

The $1 billion in additional funding for the state's FAIR Plan will ensure consumer claims are paid after the devastating ...

California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a ...

The devastating wildfires in the Los Angeles region earlier this year have caused enormous financial strain on recovery mechanisms, such as the ...

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

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.

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 ...