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

Officials in California distributed sandbags, prepositioned rescue swimmers and told residents to have their go-bags ready as ...

It’s the first time ever such a surcharge, which Floridians already know as a “hurricane tax,” will hit Californians, and ...

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 ...

Amidst our evolving climate realities, many Americans are feeling the financial pinch of the climate crisis in insurance ...

The California FAIR Plan was the 'insurer of last resort' for many people who lost their homes in LA last month. The FAIR Plan now needs help paying those claims.

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

NEW YORK, Feb. 12 (Xinhua) -- California's home insurance plan of last resort has run out of money to pay the wave of claims stemming from the Los Angeles fires and will receive a bailout of 1 billion ...

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

As California grapples with a home insurance crisis, Insurance Commissioner Ricardo Lara is taking action he says will save ...

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