Critical California insurer calls for $1 billion infusion to cover LA wildfire claims
California's last-resort homeowners insurance plan seeks a $1 billion infusion from private insurers to help pay Los Angeles-area wildfire claims.
California's $1 billion LA wildfire bill highlights insurers' struggle, analysts say
California's levy of $1 billion on private insurers to help pay out wildfire claims in its state-run program has renewed focus on the challenges the industry faces in a market already losing appeal rapidly,
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 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 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.
Bay Area homeowners likely to pay for California FAIR Plan insurance bailout
Bay Area homeowners will likely be on the hook for helping bail out California’s insurer of last resort to the tune of $1 billion after it ran out of money to pay claims from the devastating Los Angeles wildfires.
KCAL News investigation finds more than 1,300 fire hydrants need maintenance across LA
A KCAL News investigation has found that there are possibly hundreds of fire hydrants across the Los Angeles area that need ...
LA fire areas brace for ‘life-threatening’ debris flows from the worst storm in a year as heavy snow hits the Midwest
Two significant storms are hitting two different parts of the country at the same time as a frenzied weather pattern shows no ...
LA wildfire rebuilding faces construction worker shortage
Southern California’s construction workforce is at 98% of peak staffing – high employment that suggests rebuilding wildfire ...
Los Angeles County leaders warn of heavy rain, possible evacuations after region’s wildfires
Residents in burn scar areas should be ready to evacuate if needed. City and county agencies have readied streets for debris ...
Breaking: New wildfire reported in Los Angeles County on Feb. 12
A new wildfire was reported today at 11:49 a.m. in Los Angeles County. The wildfire has been burning on private land. At this ...
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 ...
Double-Duty Dogs at Westminster Dog Show Aid Victims of LA Fires, War
NEW YORK (Reuters) - Straight from the dog-show circuit at the 149th Westminster Dog Show in New York City, a four-year-old ...
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LA fires left blank slate for rebuilding. Whose priorities will chart the path?
With the LA fires contained, homeowners will be deciding how to rebuild. Officials, nonprofits, and others are already ...
LA County Fire Chief: Super Scoopers, choppers work – but were grounded during fierce wildfire winds
During a new process aimed at increasing the county’s fiscal transparency, Los Angeles County Fire Chief Anthony Marrone on ...