California’s FAIR Plan 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 a home insurance crisis.

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California’s Insurance System Faces Crucial Test as Wildfire Losses Mount

The California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said.

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