A $1 billion assessment announced Tuesday for California’s FAIR Plan, the state-run insurer of last resort, is expected to ...

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

The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its own. The California Department of Insurance approved the FAIR Plan's ...

Officials say that the $1 billion bailout is the largest in the history of the FAIR Plan, and will likely raise the future cost of home insurance in the state ...

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

As property owners struggle to find insurance policies, they’ve increasingly had to rely on the FAIR Plan (Fair Access to ...

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

After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...

Bay Area homeowners will likely be on the hook for a share of a massive bailout of California "s insurer of last resort after it ran out of money to pay claims arising from the devastating Los Angeles ...

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

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

California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program ...