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

CNBC's Contessa Brewer joins 'Power Lunch' to report on California’s FAIR Plan that provides insurance to homeowners who ...

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

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

The decision was made to ensure the FAIR Plan can continue covering consumer claims following the southern California ...

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

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

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

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

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

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

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