A consumer advocacy group filed a lawsuit this week to block insurers from charging California customers for $500 million in costs associated with the deadly Los Angeles fires.
California's insurance commission in February ordered insurers doing business in California to provide $1 billion to the FAIR Plan, the state's insurer of last resort, to help it pay out claims related to the LA wildfires. The order allows insurers to recoup half the cost from its policyholders in the form of a one-time fee. The commissioner must approve the costs.
