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 ...
Business Insider on MSN9d
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 ...
California’s $1 Billion Insurer Bailout Deepens Housing Strains
California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...
UVA Today2h
Who Pays for California’s Wildfires? UVA Law Expert Weighs In
Losses in the state are expected to exceed $250 billion. A leading scholar in insurance law says the question isn’t if ...
California FAIR Plan's $1 billion bailout after L.A. fires
CNBC's Contessa Brewer joins 'Power Lunch' to report on California’s FAIR Plan that provides insurance to homeowners who ...
The Associated Press on MSN9d
California’s FAIR Plan gets $1 billion bailout after L.A. fires
“Consumer Watchdog is exploring every legal option to stop a bailout if any insurance company seeks to make consumers pay,” ...
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 ...
The American Spectator7d
After the Wildfires, a Predictable Bailout
As property owners struggle to find insurance policies, they’ve increasingly had to rely on the FAIR Plan (Fair Access to ...
California’s FAIR Plan gets $1 billion bailout as wildfire claims in the US state surge
California’s FAIR Plan is receiving a $1 billion bailout after running out of funds to cover wildfire claims, highlighting ...