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  2. California's insurer for people without private coverage ...

    www.aol.com/californias-insurer-people-without...

    SACRAMENTO, Calif. (AP) — 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 ...

  3. Homeowners in California could pay a surcharge of $1,000 or ...

    www.aol.com/finance/homeowners-california-could...

    But as wildfires have set thousands of homes worth tens of billions of dollars ablaze across Los Angeles, some fear FAIR's funds will run dry—forcing all California policy holders to make up the ...

  4. California fires show states’ ‘last resort’ insurance plans ...

    www.aol.com/california-fires-show-states-last...

    In a news release, FAIR Plan officials said it was too early to calculate loss estimates from the Los Angeles fires and whether the plan would have to use “payment mechanisms” to cover its claims.

  5. How California’s catastrophic wildfires are inflaming the ...

    www.aol.com/news/california-catastrophic...

    The regulations now require companies to insure properties in vulnerable areas at a rate equivalent to 85 percent of their California market share — increasing such coverage by 5 percent ...

  6. California FAIR Plan insurance: What it is and how it works - AOL

    www.aol.com/finance/california-fair-plan...

    It is now estimated that, as of January 2024, over 350,000 homes are on the plan ... For homeowners who struggle to locate other fire insurance in California, a FAIR Plan can be a strong choice.

  7. Will California homeowners relocate or rebuild? Both are costly

    www.aol.com/california-homeowners-relocate...

    Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...

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