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 ...
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the insurer of last resort, received approval to assess member carriers $1 billion to help pay its ...
HousingWire6d
Insurance exodus left many properties unprotected from the LA fires
California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...
State farm was all in on California—until it pulled the plug before the fires
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
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No State Farm Super Bowl commercials? Why you won't see Patrick Mahomes ads this year
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
Consumer Watchdog says State Farm shouldn’t ask Californians to pay more
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
Here’s how fires and floods are intensifying the US housing crisis
The wildfires levied significant long-term damage, with thousands of homes destroyed, billions in damages and a worsening of ...
Mansion Global1d
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 ...
To Help Pay for L.A. Fires, California Will Collect $1 Billion From Insurers
California will collect $1 billion in special fees from insurance companies to make sure it can pay out Los Angeles fire claims filed with the Fair Plan, California's insurer of last resort, the state ...
Allstate says California wildfires to bring company $1.1 billion in losses
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – ...
LAist on MSN1d
To keep California high-risk insurer solvent, homeowners will face a one-time assessment
The FAIR Plan will impose a special charge on insurers and homeowners to cover $1 billion in L.A. wildfire costs.