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 ...
California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...
Travelers faces $1.7 billion impact from Los Angeles wildfires, future premium changes uncertain
Travelers reports a $1.7 billion impact from Los Angeles wildfires, with future premium changes in California and nationally ...
RealClearMarkets10h
California Is a Reminder That Corrupted Prices Never Sound Good 'In Theory'
Price controls will suffocate a much more robust housing recovery in the Los Angeles area. What’s sad is that it was all so ...
California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
California FAIR Plan gets $1 billion assessment to head off insolvency
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
The Press Democrat8h
California homeowners to face new fees to keep fallback insurance plan solvent
After saying it would run out of funds by March, California’s last-resort fire insurance provider will impose a special ...
California FAIR Plan is running out of money; nearly all homeowners to help bail it out
The California FAIR Plan does not have enough money to weather the impact of the record-breaking Los Angeles wildfires on its ...
This luxury realtor warns LA home prices will be huge from surge in fire insurance costs — claims about 1,000 new renters, buyers have entered the market
We’ve been dealing with a fire insurance nightmare for well over the past couple of years,” luxury real estate broker Josh ...
To Help Pay For LA Fires, California Will Collect $1 Billion From Insurers
California will collect $1 billion in special fees from insurance companies to make sure it can pay out Los Angeles fire claims filed with the Fair Plan, California's insurer of last resort, the state ...
Powell predicts a time when mortgages are impossible to get in parts of US
A growing property insurance crisis may make it hard to get a mortgage in parts of the country in the coming decades, Federal Reserve Chairman Jerome Powell said Tuesday in testimony before Congress.
White House fires USAID inspector general after warning about funding oversight, officials say
The White House fired the inspector general for the U.S. Agency for International Development on Tuesday, several U.S.