California's insurer for people without private coverage needs $1 billion more for Los Angeles 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’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’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 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.
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 ...
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 ...
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 ...
Breaking: New wildfire reported in Los Angeles County on Feb. 11
A new wildfire was reported today at 9:26 a.m. in Los Angeles County. The wildfire has been burning on private land. At this ...
Wildfires could cost Los Angeles billions, but the financial fallout is just beginning
LA faces an initial $358 million wildfire recovery bill that is expected to rise with no immediate state or federal aid ...
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Why clearing the brush around Los Angeles won't reduce wildfire danger
But wildfire experts say cutting down Southern California's chaparral won't make the region safer from wildfires. In fact, ...
California utility company says its equipment may have sparked a Los Angeles-area wildfire
California utility company Southern California Edison on Thursday said its equipment “may be associated with” the ignition of ...
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 ...
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.
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California bill would allow fire victims to receive interest earned on payouts
A bill would allow homeowners to receive the interest accrued on insurance payments for lost or damaged property, rather than ...