California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-created safety net program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.
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.
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 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.
California Insurance Commissioner calls on insurance companies to bail out FAIR Plan
As California grapples with a home insurance crisis, Insurance Commissioner Ricardo Lara is taking action he says will save California's insurance program of last resort, known as the FAIR Plan.
Heavy rain and risk of ‘life-threatening’ debris flows prompt evacuation warnings in LA fire areas as 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 ...
Fire-ravaged Los Angeles braces for landslides as atmospheric river brings heavy rain to California
A new rain storm is bearing down on California, including fire-ravaged Los Angeles, where residents are bracing for the possibility of mudslides and landslides.
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California homeowners will likely share pain of LA fire losses
Virtually every homeowner in California may have to dip into their pockets to help cover the cost of January's Los Angeles ...
California farm donates hundreds of thousands of eggs to wildfire victims and first responders
The 100-year-old family-owned Rosemary Farm in Santa Maria said it’s working with the Los Angeles Regional Food Bank and the ...
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 ...
California Storm, Atmospheric River A Los Angeles Burn Area Flood Danger
Areas charred by last month's wildfires in Southern California now face a new threat from a powerful, but fast-moving Pacific ...
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.
Lawmakers target looters in wake of arrests in Los Angeles-area burn zones
California lawmakers are proposing tougher penalties on looting and other opportunistic crimes during disasters after over two dozen individuals were arrested in evacuation zones after the recent ...
A Major Storm Is About to Soak California
In Southern California, the flooding could be life-threatening in areas burned by wildfires. California is about to get ...