Californias insurance commission plans to impose a $1 billion assessment on private insurers to shore up the FAIR Plan, the states insurer of last resort, after last months devastating Los Angeles wi… [+282 chars]
California Levies $1 Billion Assessment on Insurers for LA Fires - Bloomberg
The funds will help the state’s insurer of last resort pay claims to thousands of homeowners affected by the wildfires.
By:Leslie Kaufman, Michelle Ma, Eliyahu Kamisher
Source:Bloomberg
Published:
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