In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...

California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...

That's enough to kick the plan's strained finances further into crisis mode, increasing the chances that homeowners statewide will see insurance costs rise.

California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by ...

The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...

It was a grueling routine. For months after their home burned down in the 2021 Caldor Fire, Jennifer McKim-Hibbard and her husband would wake up and call the California FAIR Plan. They would navigate ...

Los Angeles wildfires highlight California's insurance crisis as the FAIR Plan faces challenges with limited funds to cover massive fire claims.

An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...

With non-renewals and coverage drops, many Californians are insured against fire through the California FAIR Plan. However, the plan is on rocky ground after the LA fires.

The loss of billions of dollars worth of property in Los Angeles in recent weeks has sparked new concerns about the ...