Search results
Results from the WOW.Com Content Network
The California FAIR Plan, the state's insurer of last resort, has received approval to assess its member carriers $1 billion to help pay its L.A. fire losses -- with consumers possibly on hook for ...
The California Department of Insurance said Tuesday they will allow the FAIR Plan, designed for Californians who can’t get coverage on the private market, to collect $1 billion from private ...
Asked about potential surcharges California homeowners might have to pay in the future, a FAIR Plan spokesperson told Fortune on Saturday, "the FAIR Plan cannot speculate about the future impact ...
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by ...
According to data from 2020, the FAIR Plan covers 2.5% of the statewide market share, but 20.4% of the market share in ZIP codes at high risk from wildfires. [6] Between 2020 and 2024, the number of homes covered by FAIR Plan policies more than doubled, while the Plan's total exposure (including commercial properties) nearly tripled. [7]
SACRAMENTO, Calif. (AP) — 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 Los Angeles County Federation of Labor and the Los Angeles Area Chamber of Commerce supported it. Having donated $900,000, the Los Angeles County Museum of Art (LACMA) was the "largest single donor to the effort to raise the sales tax in the county and build more mass transit". According to LACMA surveys, the top three reasons people do not ...
Two fires on either side of Los Angeles burned an area nearly the size of Washington, D.C., from January 7 until they were fully contained, killing 29 people and damaging or destroying more than ...