California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los ...

Newsweek asked experts on the insurance market if they expect insurers to survive the financial fallout of these fires.

Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.

"You can bet that if the FAIR Plan goes bankrupt - and it's a good bet it will - the insurance companies will come after us ...

The California Fair Plan (CFP) has confirmed its reinsurance programme attaches at $900mn, with a limit of $5.78bn and ...

A bill meant to help stabilize California’s troubled insurance market has key early support as wildfires continue to cause ...

An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...

Los Angeles wildfires highlight California's insurance crisis as the FAIR Plan faces challenges with limited funds to cover ...

Insurance stocks typically drop during large catastrophe events but recover as more information becomes available, as seen ...

The California FAIR Plan Assn., the state's property insurer of last resort, was born of smoldering ashes — not of a wildfire, but of one of the worst urban disturbances in U.S. history.

Statewide, the FAIR Plan reported a year-over-year increase of 49,823 residential policies in 2023, bringing the total to 324 ...