California, FAIR and Homeowners

California FAIR Plan is running out of money; nearly all homeowners to help bail it out
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its own. Instead, it will turn to private insurers for help — triggering a process where insured California homeowners across the state will end up paying part of the bill.
California Seeks $1 Billion From Insurers to Shore up FAIR Plan After LA Fires
(Reuters) - California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month.
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on to customers.
California’s insurer of last resort runs out of money to pay L.A. fire claims
In the aftermath of the Los Angeles fires, the FAIR plan gets a $1 billion bailout — the latest indication that California’s home insurance market is on shaky footing.
To Help Pay For LA Fires, California Will Collect $1 Billion From Insurers
California will collect $1 billion in special fees from insurance companies to make sure it can pay out Los Angeles fire claims filed with the Fair Plan, California's insurer of last resort, the state insurance commissioner said.
California's Insurer for People Without Private Coverage Needs $1 Billion More for LA Fires Claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires
California’s insurance crisis
Is the threat of wildfires making the US state uninsurable?
California’s High-Risk Insurer Gets $1 Billion Bailout After L.A. Fires
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying a home insurance crisis.
California Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
Where is the money for the Los Angeles fires going?
Millions of dollars have been raised for victims of the wildfires, including the superstar-riddled FireAid concert, but where ...
JD Supra22h
Mitigating Losses When Disaster Strikes: How Casualty Provisions Help Protect Tenants and Landlords
It has now been just over a month since multiple wildfires erupted throughout the Greater Los Angeles area, bringing ...
California Wildfire Updates: Palisades, Eaton Fires Reach Full Containment
Tuesday, 5:30 p.m. PST Los Angeles County public health officials issue closures of several miles of beach near the Palisades ...
Smithsonian Magazine on MSN9d
Here’s How the Los Angeles Wildfires Are Affecting Animals, From Fish to Snakes to Birds
While scientists were able to save and move some creatures in the aftermath, researchers are worried about the prospects for ...
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.
Meghan Markle and Billie Eilish Team Up to Help Replace Teen’s Items Lost in California Fires
Meghan Markle and Prince Harry were recently “devastated” by the California fires that have taken the homes and businesses of ...
California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
Wicked Local11d
MSPCA takes in 9 dogs displaced in California wildfires. Here's how to adopt one
The MSPCA-Angell took in 9 dogs impacted by the Los Angeles wildfires. The dogs range in age from roughly one to 10-years-old and include mixes of hounds, German shepherds, pit bulls, and cattle dogs, ...
How GoFundMe Became a $250 Million Lifeline After the L.A. Fires
Donations on the crowdfunding site to people and fire relief efforts have exceeded those for all natural disasters worldwide ...
What we know about the victims killed in the California wildfires
At least 29 people have died in the fires across the Los Angeles area. At least two of the people killed in the Southern ...