California's State-Run Insurer Of Last Resort Could Be Facing $10B Bill For Covering Pacific Palisades And Altadena Fire Claims
The fires that devastated Pacific Palisades and Altadena, California have been a nightmare for thousands of citizens who have lost loved ones and their homes. Although the human cost of tragedies of ...
State Farm Was All In on California—Until It Pulled the Plug Before the Fires
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
Los Angeles Times8d
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
California’s Fair Plan, the state’s insurer of last resort, may be unable to pay billions ... to be between $35 billion and $45 billion. Pacific Palisades has one of the state’s highest ...
CBS News20d
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
Pacific Palisades, the Los Angeles neighborhood ... with the choice of getting coverage through the insurer of last resort, the California Fair Access to Insurance Requirements Plan, or FAIR ...
The Business Journals26d
California investors buy Ko Olina oceanfront land for $216M, will build Atlantis Resort
A California real estate development company ... Jeff Stone, CEO and president of The Resort Group, told Pacific Business News that the development timeline for building both hotels concurrently ...
Yahoo21d
California’s insurer of last resort has potential exposure to LA wildfires of nearly $5 billion and reinsurance of $5.78 billion
Charred homes and burnt cars are pictured amid the rubble of the fire-ravaged Pacific Palisades Bowl Mobile Estates on Monday.