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.

Feb 12, 2025 - 11:17
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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. Read More