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LA, California
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.
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 Levies $1 Billion Assessment on Insurers for LA Fires
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
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’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 homeowners to face new fees to keep fallback insurance plan solvent
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special charge of $1 billion on homeowners and insurance companies, the first such move in more than three decades.
1h
on MSN
Where and when rain is forecast to hit wildfire burn scars across the Los Angeles area
Forecasters released a breakdown Tuesday of where and when heavy rainfall this week is expected to hit areas of Southern ...
7h
The LA fires were man-made, but not like they say
These winds are known as the Santa Ana winds. They occur each year, and every resident of Southern California is familiar ...
5h
on MSN
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 ...
1d
on MSN
California man finds 525-pound animal under his home after Los Angeles fires. The bear goes by Barry
A Southern California man returned home after evacuating last month’s devastating Los Angeles-area wildfires to discover an ...
4h
Edison utility faces shareholder lawsuit over LA wildfires
The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los ...
7h
California Storm, Atmospheric River A Los Angeles Burn Area Flood Risk
Areas charred by last month's wildfires in Southern California now face a new threat from a powerful, but fast-moving Pacific ...
7h
Heavy Rains Could Trigger Mudslides in Fire-Ravaged Southern California
Moisture sweeping down the coast will drench much of California, including areas that burned severely just a month ago.
16h
What the Eaton fire could mean for Edison’s bottom line
Edison generates billions of dollars in revenue every year and has a history of passing along the costs of disasters to ...
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