FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the state's insurer of last resort, has received approval to assess its member carriers $1 billion ...
Shasta County urges action on rising home insurance costs amid wildfire risks
As California struggles with increasingly severe wildfires, Shasta County officials are urging Governor Newsom to address the ...
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State Farm Seeks 22% Rate Hike for California Homeowners
State Farm General, California's largest home insurer, has asked state regulators to approve an immediate 22% rate increase ...
Consumer Watchdog says State Farm shouldn’t ask Californians to pay more
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
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California FAIR Plan gains approval for $1bn assessment from member firms
The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, has ...
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State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market
In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it has already received more than 8,700 ...
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CA Fair Plan approved for $1bn assessment from member companies
California Insurance Commissioner Ricardo Lara has approved the California Fair Plan’s request to levy a $1bn assessment on ...