As firefighters were making progress against the deadly California wildfires that have destroyed more than 10,000 structures and killed at least 27 people in Los Angeles County over several weeks, ...
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With non-renewals and coverage drops, many Californians are insured against fire through the California FAIR Plan. However, the plan is on rocky ground after the LA fires.
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
Note that policy costs in these high-risk states, minus California, averaged $5,040 – roughly 150% more than Golden State prices. And the 48-state average policy of $3,200 is 50% above California’s ...
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The News Tribune asked experts how insurance companies calculate wildfire risk and what prompts them to drop policyholders.
“He wants us to work on what would be a fair number.” The deduction ... they can’t properly plan for just how big the final package will be and how much they’ll need to cut spending ...
SUNOL, Calif. (KGO) -- In the Sunol hills, homeowners denied normal insurance coverage have had to turn to California's FAIR Plan. It's the insurer of last resort. Data from California's ...
The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped ...
Copyright 2025 The Associated Press. All Rights Reserved. A VW van sits among burned out homes, Thursday, Jan. 9, 2025, in Malibu, Calif. (AP Photo/Mark J. Terrill) A ...