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.
Could homeowners statewide be charged a fee to help pay for LA wildfire insurance claims? Yes, but not yet.
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.
Insurers Braced to Bail Out California State Insurer For L.A. Wildfire Losses
Insurers are estimating losses totaling billions of dollars from the Los Angeles wildfires, including assumed payments to allow for a bail out
California’s State Insurance Gets $1 Billion Infusion as Wildfire Claims Overwhelm Providers
The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties
California Asks Insurers to Spare Wildfire Victims ‘the List’
The state’s regulator wants insurance carriers to pay full policy limits without requiring victims to itemize every object in their destroyed homes.
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, the state Insurance Department said Tuesday.
California's $1 Billion LA Wildfire Bill Highlights Insurers' Struggle, Analysts Say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
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.
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 Seeks $1 Billion From Insurers to Shore up FAIR Plan After LA Fires
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 farm donates hundreds of thousands of eggs to wildfire victims and first responders
As consumers face skyrocketing egg prices and widespread shortages, a California farm is donating hundreds of thousands of ...
California Storm: Evacuation Warnings Issued In Wildfire-Hit Los Angeles Areas Amid Mudslide And Debris Flow Fears
As Los Angeles braces for its most powerful storm of the season, concerns of mudslides and debris flows in recently fire-hit areas have prompted evacuation warnings.
LA wildfire rebuilding faces construction worker shortage
Southern California’s construction workforce is at 98% of peak staffing – high employment that suggests rebuilding wildfire ...
California Wildfire Auction Sees Tons of Celebrity Items Put Up for Sale
Wildfires have devastated multiple areas of California in recent years, displacing thousands and causing millions in damages.
Sazerac Will Auction A Barrel Of Pappy Van Winkle To Support California Wildfire Relief
Bidding for a barrel of the 15-year-old rare bourbon will begin at $10,000.
California’s wildfire response offers lesson for NYC’s housing crisis
California should apply the same urgency of its response to wildfires to creating a resilient and affordable housing market.
New California wildfire maps: See 'Very High' fire hazard zones by county
A recent executive order by California Gov. Gavin Newsom aims to ramp up fire safety in urban areas as new maps released by ...
2 million acres of land in California designated as ‘high’ or ‘very high’ fire danger areas
In some areas, hazards have surged. Buildings in the highest hazard zones will be subject to the strictest fire-resiliency ...