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.
To Help Pay For LA Fires, California Will Collect $1 Billion From Insurers
California will collect $1 billion in special fees from insurance companies to make sure it can pay out Los Angeles fire claims filed with the Fair Plan, California's insurer of last resort, the state insurance commissioner said.
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 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, the state Insurance Department said Tuesday.
California’s high-risk insurer gets $1 billion bailout after L.A. fires
California's home insurance plan of last resort, designed for people who can't get coverage on the private market, does not have enough money to pay claims from the Los Angeles wildfires and is getting an infusion of cash from regular insurers.
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 ...
Will having ‘too many cooks’ complicate recovery from deadly LA County fires?
The response to homelessness in California, which has suffered from a lack of clear responsibility with officials pointing ...
LA County supervisors weigh hiking post-fire price-gouging penalty to $50,000
The County Counsel was also authorized to consider initiating or joining existing litigation regarding price gouging and ...
Newsom signs executive order to help child care providers affected by LA County Fires
Gov. Gavin Newsom issued the executive order a week after child care providers held a news conference asking for help.
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LA Fires: Debris removal starting in record time Newsom says
Roughly a month after the Palisades and Eaton fires broke out, officials announced Tuesday that Phase 2- Debris Removal has ...
Fires costing $250 billion, plus lost tax revenue, will hit the next LA County budget
The current budget is $84 million. Gary Jones, director of the Department of Beaches and Harbors, was asking for five new ...
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 ...
Where is the money for the Los Angeles fires going?
Millions of dollars have been raised for victims of the wildfires, including the superstar-riddled FireAid concert, but where ...
An LA home reduced to rubble in the fires drew more than 60 offers and stands to sell for over $1M
This residence that was destroyed in the Palisades fire quickly became one of the hottest properties on the market, with investors looking to cash in on a rebuild.
Luka Doncic donates $500,000 for wildfire relief ahead of his possible debut with Los Angeles Lakers
Luka Doncic began the possible day of his debut with the Los Angeles Lakers by donating $500,000 to fire recovery efforts in ...