California’s last-resort insurer needs another $1 billion to pay LA fire claims, the first time it’s asked for more money in over 30 years
The FAIR Plan is a pool that major private insurers pay into, and the plan then issues policies to people who can’t get private insurance because their properties are deemed too risky to insure.
![California’s last-resort insurer needs another $1 billion to pay LA fire claims, the first time it’s asked for more money in over 30 years](https://fortune.com/img-assets/wp-content/uploads/2025/02/AP25042856013867-e1739354839344.jpg?w=2048#)