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 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 Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
Insurers Braced to Bail Out California State Insurer For L.A. Wildfire Losses
Insurers are estimating losses totaling billions of dollars from the Los Angeles wildfires, including assumed payments to allow for a bail out
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
California's home insurance plan of last resort, designed for people who can't get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is getting an infusion of cash from regular insurers.
LA fire areas brace for ‘life-threatening’ debris flows from the worst storm in a year as heavy snow hits the Midwest
Two significant storms are hitting two different parts of the country at the same time as a frenzied weather pattern shows no ...
2 million acres of land in California designated as ‘high’ or ‘very high’ fire danger areas
In some areas, hazards have surged. Buildings in the highest hazard zones will be subject to the strictest fire-resiliency ...
Eliminating FEMA would be ‘huge mistake’ after California wildfires, Democrat says
Rep. Judy Chu (D-Calif.) said it would be a “huge mistake” to terminate the Federal Emergency Response Agency (FEMA) in the ...
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 ...
Travelers sees $1.7 billion in losses from California wildfires
Travelers Cos. said it expects about $1.7 billion of pretax losses from the wildfires that devastated Los Angeles last month.
California man finds 525-pound animal under his home after Los Angeles fires. The bear goes by Barry
A Southern California man returned home after evacuating last month’s devastating Los Angeles-area wildfires to discover an ...
Court filing accuses Southern California Edison of tampering with possible Eaton fire evidence
A motion filed late Monday by the law firm Edelson PC accuses Southern California Edison of not disclosing its decision to ...
California Wildfire Auction Sees Tons of Celebrity Items Put Up for Sale
Wildfires have devastated multiple areas of California in recent years, displacing thousands and causing millions in damages.