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California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
Posted inFAIR Plan Global Warming Greenhouse Gas Emissions Homeowners Insurance Insurance Regulation and Deregulation of Industry Southern California Wildfires (Jan 2025) Wildfires

California’s FAIR Plan 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.
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Posted by By Christopher Flavelle
The California FAIR Plan Faces Crucial Insurance Test
Posted inFAIR Plan Federal Aid (US) Global Warming Greenhouse Gas Emissions Homeowners Insurance Politics and Government Southern California Wildfires (Jan 2025) Wildfires

The California FAIR Plan Faces Crucial Insurance Test

The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said.
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Posted by By Christopher Flavelle

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