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California seeks $1 billion from insurers to shore up FAIR Plan after LA fires
California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission's member insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month.
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's insurer for people without private coverage needs $1 billion more for LA fires claims
California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said Tuesday.
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 a home insurance crisis.
1d
on MSN
What the Eaton fire could mean for Edison’s bottom line
Edison generates billions of dollars in revenue every year and has a history of passing along the costs of disasters to ...
Renewable Energy World
6d
California wildfire fund at risk of depletion over possible utility link to Eaton Fire
California’s multi-billion dollar wildfire fund is at risk of running dry because of the carnage caused by the Eaton Fire and ...
11d
SoCal Edison customers to cover $1.6 billion in Thomas Fire settlement costs, state officials say
Southern California Edison ratepayers will cover $1.6 billion in settlement costs to pay victims of the 2017 Thomas Fire, ...
6d
Music Groups and Companies Who Have Donated to L.A. Fire Relief Efforts
Sony, Amazon, Discogs and more music companies are pledging millions of dollars in relief for victims of the L.A. fires.
Ukiah Daily Journal
1d
California Focus: Wildfire fund may fall short if utilities found at fault
When Gov. Gavin Newsom and his political donor cronies at Pacific Gas & Electric Co. cooked up the $13 billion California Wildfire Fund in 2019, they never conceived of wildfire damages on the ...
Renewable Energy World
5d
California utility investigating ‘every possibility’ for cause of Eaton Fire, including its own equipment
Southern California Edison submitted letters to the California Public Utilities Commission updating its investigation into ...
FOX 11 Los Angeles on MSN
4d
Free mattresses available for California fire victims
Howard’s Appliance & Mattress and Serta Simmons Bedding, in partnership with the American Red Cross, is providing free ...
1d
Sazerac Will Auction A Barrel Of Pappy To Fund California Wildfire Relief
The appalling devastation wrought by the Southern California wildfires has prompted Sazerac Company to offer a barrel of 15 ...
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