The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...

California’s housing market is already one of the most expensive in the country. A San Francisco condo can cost as much as a ...

In the wake of the Los Angeles fires, the California FAIR Plan, the state's property insurer of last resort, requested ...

California property and casualty insurers may recover up to half of the $1 billion California FAIR PLAN assessment through a ...

State regulators said Tuesday that they will allow the program, known as the FAIR Plan, to collect $1 billion from private insurance companies doing business in California to pay its claims.

Since then, the FAIR plan has been inundated with claims for damage by homeowners who lost everything — and who had not been able to get coverage on the private market. To date, the plan has ...

The FAIR Plan is an insurance pool that all the major private insurers pay into, and the plan then issues policies to people who can’t get private insurance because their properties are deemed ...

Bay Area homeowners likely will be on the hook for a share of a massive bailout of California’s insurer of last resort after ...

California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member ...

It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.

The $1 billion in additional funding for the state's FAIR Plan will ensure consumer claims are paid after the devastating wildfires in Southern California, Lara said. Members of the FAIR Plan ...

A $1 billion assessment announced Tuesday for California’s FAIR Plan, the state-mandated insurer of last resort, is expected to drive up premiums as companies will likely pass some of the costs ...