California insurers to charge homeowners for FAIR Plan bailout after LA wildfires
California homeowners will face temporary insurance surcharges averaging $50–$60 over two years to help cover a $1 billion FAIR Plan bailout after Los Angeles wildfires.
California insurers to charge homeowners for FAIR Plan bailout after LA wildfires
California homeowners will face temporary insurance surcharges to help cover Los Angeles wildfire claims, averaging about $50–$60 over two years and around 1%–2% of premiums.