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

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.

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

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 ...

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 ...

The insurance industry has paid over $4.2 billion in claims related to the Los Angeles wildfires as of January 30, according ...

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 ...

Those who are unable to obtain insurance have instead turned to the “insurer of last resort,” better known as the California Fair Access to Insurance Requirements Plan (FAIR Plan). The FAIR Pl ...