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, the state Insurance Department said Tuesday.
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-run program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
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.
US insurers face billions in losses from Los Angeles wildfires
Major insurers face billions of dollars in losses from the Los Angeles wildfires, they said this week, despite dropping clients in California before the catastrophe. AIG and Allstate and are among the national insurers that warned of losses even after they cut their exposure to the state in recent years.
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.
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 ...
Southern California Braces for Storm Damage in Wildfire Areas
An intense storm could cause flooding and debris flows in areas burned by wildfires. Some residents have begun to evacuate.
Evacuation warnings issued in Southern California as heavy rain brings threat of mudslides in areas scarred by wildfires
For the second time this year, Southern Californians are evacuating their homes as heavy rain threatens new destruction in ...
Fire Chief: Super Scoopers, choppers work – but were grounded during fierce California wildfire winds
The familiar, water-dropping aircraft are leased by the fire department from Quebec each year to help fend off California ...
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 ...
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 ...
Welcome to California. Pay your fire tax.
It’s the first time ever such a surcharge, which Floridians already know as a “hurricane tax,” will hit Californians, and ...
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 ...
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 ...