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 $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,
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 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 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.
New California wildfire maps: See 'Very High' fire hazard zones by county
A recent executive order by California Gov. Gavin Newsom aims to ramp up fire safety in urban areas as new maps released by ...
Lancashire Holdings Estimates Hit of Up to $165 Million From California Fires
Insurer Lancashire Holdings said it estimates its aggregate net losses from last month's wildfires in California to be in the range of $145 million to $165 million. The London-listed company said ...
More than 2 million acres of local land in California designated high or very high fire danger areas
Reflecting intensifying wildfires and updated science, new state maps designate more than 2.3 million acres of local land in ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
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California Wildfire Map: Update on Containment as New Fire Starts
All wildfires burning in Southern California were largely contained as of Thursday morning, even after a new fire ignited in ...
Central California farm donates hundreds of thousands of eggs to wildfire victims and first responders
A California farm is donating hundreds of thousands of fresh eggs to people affected by last month’s devastating wildfires in ...
California fire insurer of last resort to be bailed out by assessments on other insurers
California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on ...
LA wildfire rebuilding faces construction worker shortage
Southern California’s construction workforce is at 98% of peak staffing – high employment that suggests rebuilding wildfire ...
California's burn scars brace for flooding as freezing rain and snow head for Oregon
Officials in California distributed sandbags, prepositioned rescue swimmers and told residents to have their go-bags ready as ...