California FAIR Plan Faces $900M in Claims from Los Angeles County Wildfires
• 1 min read
The California FAIR Plan has received over 4,400 insurance claims totaling nearly $900 million from January's devastating Palisades and Eaton fires. The surge has prompted the state's insurer of last resort to tap into reinsurance coverage while deploying hundreds of adjusters to process claims.
Los Angeles Wildfire Insurance Claims Surpass $4 Billion as Recovery Continues
• 1 min read
Insurance companies have distributed $4.2 billion in claims to survivors of devastating Los Angeles County fires, with over 31,000 claims submitted. The Eaton and Palisades fires rank among California's most destructive wildfires, prompting insurance workshops and advance payment options for affected residents.