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California FAIR Plan's $1 billion bailout

Hosted on MSN · 3d

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 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 nearly half under new state policy.

Reuters on MSN · 2d

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.

East Bay Times · 2d

Bay Area homeowners likely to pay for California FAIR Plan insurance bailout

Bay Area homeowners will likely be on the hook for helping bail out California’s insurer of last resort to the tune of $1 billion after it ran out of money to pay claims from the devastating Los Angeles wildfires.

2d

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 ...

2don MSN

California FAIR Plan is running out of money; nearly all homeowners to help bail it out

The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...

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