Christopher Flavelle
Posts
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.
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...
U.S. Already Has 23 Billion Dollar Disasters in 2023
The United States has been hit by 23 large-scale disasters so far this year, and hurricane season is far from over.