Californias home insurance plan of last resort has run out of money to pay the wave of claims stemming from the Los Angeles fires and will receive a bailout of $1 billion, state regulators announced … [+2508 chars]
California’s insurer of last resort runs out of money to pay L.A. fire claims - The Washington Post
In the aftermath of the Los Angeles fires, the FAIR plan gets a $1 billion bailout — the latest indication that California’s home insurance market is on shaky footing.
By:Anna Phillips
Source:The Washington Post
Published:
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