The Latest Breaking News from the FAIR Plan

Two lawsuits filed in Los Angeles accuse the major home insurers of colluding to limit coverage in high-risk areas across California

A consumer advocacy group has filed a lawsuit to block insurers from charging California customers for $500 million in costs associated with the January Los Angeles wildfires

Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a story of contrasting fortunes and unequal recovery, a stark reflection of the nation’s growing home insurance crisis

"The FAIR Plan, a not-for-profit catastrophe insurer, has the payment mechanisms in place to ensure all covered claims will be paid."

Before the Los Angeles wildfires, insurers such as State Farm started to pull out of fire-prone California.

After insurers like State Farm dropped policies, to switch to the state’s Fair plan was prohibitively pricey for many

"We are one event away from a large assessment," Victoria Roach, president of the FAIR Plan, said last year.

Although insurers have been dropping coverage for California homeowners for years, new rules announced weeks ago will mandate them to offer policies in high-risk regions.

It's likely California's homeowners will be on the hook when L.A.'s wildfire losses are added up, predicts former state insurance commissioner Dave Jones.