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

California Insurance Commissioner approves $1 billion assessment to the FAIR Plan, the state's insurance safety net in light ...

That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...

The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying ...

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

California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on ...

The Farmers Exchanges, which include Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange, have ...

California’s FAIR Plan is receiving a $1 billion bailout after running out of funds to cover wildfire claims, highlighting ...

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

Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...