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California’s FAIR Plan Gets $1 Billion Bailout After L.A. Fires
11 February 2025 at 20:56
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.
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NYT > Climate and Environment
- California’s Insurance System Faces Crucial Test as Wildfire Losses Mount
California’s Insurance System Faces Crucial Test as Wildfire Losses Mount
14 January 2025 at 15:17
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.
