The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
California's Department of Insurance also recently passed regulations that pave the way for rate increases in exchange for increased coverage in wildfire-prone regions. In 2024, some insurance ...
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
An insurance pool created by officials in California to help residents in wildfire-prone areas could frustrate victims of the ...
Changes in California's Fair Access to Insurance Requirements (FAIR) plan could mean higher expenses for homeowners after ...
With the fires in Los Angeles still burning, the cost of their destruction, beyond the lives lost, remains unknown, but is ...
Over the past five years, California has become a poster child for what climate-fueled weather disasters can do to a ...
Climate change-fueled natural disasters like the L.A. fires could destabilize the entire U.S. economy, economist Gary W. Yohe wrote.
The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that ...
The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems ...