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California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month.
California's insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.
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 home insurance market is on shaky footing.
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 a home insurance crisis.
To Help Pay For LA 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 insurance commissioner said.
Where and when rain is forecast to hit wildfire burn scars across the Los Angeles area
Forecasters released a breakdown Tuesday of where and when heavy rainfall this week is expected to hit areas of Southern ...
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Why clearing the brush around Los Angeles won't reduce wildfire danger
But wildfire experts say cutting down Southern California's chaparral won't make the region safer from wildfires. In fact, ...
Wildfires could cost Los Angeles billions, but the financial fallout is just beginning
LA faces an initial $358 million wildfire recovery bill that is expected to rise with no immediate state or federal aid ...
Breaking: New wildfire reported in Los Angeles County on Feb. 11
A new wildfire was reported today at 9:26 a.m. in Los Angeles County. The wildfire has been burning on private land. At this ...
Man returns home after California wildfires, finds bear living under house
Samy Arbid said he found a black bear living under his Altadena home after the Eaton fire raced through the city.
Heavy Rains Could Trigger Mudslides in Fire-Ravaged Southern California
Moisture sweeping down the coast will drench much of California, including areas that burned severely just a month ago.
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California Democrats target insurance market, rebuilding in wildfire-related legislation
The legislation comes in the wake of devasting Los Angeles-area wildfires that destroyed thousands of structures and killed ...
Travelers faces $1.7 billion impact from Los Angeles wildfires, future premium changes uncertain
Travelers reports a $1.7 billion impact from Los Angeles wildfires, with future premium changes in California and nationally ...