Homeowners Insurance

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.

By Christopher Flavelle

FAIR 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.

By Christopher Flavelle

Banking and Financial Institutions Foreclosures Homeowners Insurance Insurance Mortgage Bankers Assn of America Mortgages Prices (Fares, Fees and Rates) Real Estate (Commercial)

As Hurricanes Persist, Soaring Insurance Costs Hit Commercial Real Estate

Struggling landlords and developers are seeking leeway on coverage from their lenders — mostly in vain.

By Emily Flitter

Homeowners Insurance Hurricane Helene (2024) Personal Finances

What to Know About Homeowners Insurance After Hurricane Helene

If your home has been damaged, you may be at the beginning of a long process.

By Ron Lieber and Tara Siegel Bernard