Amidst our evolving climate realities, many Americans are feeling the financial pinch of the climate crisis in insurance ...
Bay Area homeowners likely will be on the hook for a share of a massive bailout of California's insurer of last resort after it ran out of money to pay claims arising from the devastating Los Angeles ...
The FAIR Plan is funded by pooled money from insurers in the state in exchange for covering high risk properties ...
Here’s what to know about the cost of car insurance in Florida, why it's so expensive and what drivers should know about ...
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...
California’s FAIR Plan is receiving a $1 billion bailout after running out of funds to cover wildfire claims, highlighting ...
A $1 billion assessment announced Tuesday for California’s FAIR Plan, the state-run insurer of last resort, is expected to ...
Extreme weather, amplified by climate change, has raised insurer risks and insurance rates for U.S. homeowners, especially in the last decade. Florida, for example, sustained a staggering $237 billion ...
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LAist on MSNTo keep California high-risk insurer solvent, homeowners will face a one-time assessmentThe FAIR Plan will impose a special charge on insurers and homeowners to cover $1 billion in L.A. wildfire costs.
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
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