Southern California, rain and Evacuation
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The charges stem from a mandated $1 billion bailout by insurance companies of the state’s last-resort insurance program, known as the FAIR Plan, after it ran out of money to cover roughly $4 billion in claims from victims of the Los Angeles wildfires, which damaged or destroyed nearly 13,000 homes.
The hidden crisis from the devastating wildfires in January affected those who did not lose their homes. However, the onslaught of smoke and ash from the wind-whipped urban fires in the Palisades and Altadena/ Pasadena has left thousands of contaminated houses that even 10 months since the fires,
Survivors gathered in Altadena, where they sounded off on a report, which detailed how a deal between Insurance Commissioner Ricardo Lara and insurers changed the insurance landscape.
Winter storm warnings spanned Mono County, as well as the Sierra Nevada from Yosemite National Park to Tulare County.
The California FAIR Plan Association is sponsoring its first catastrophe bond, with an initial target to secure $250 million or greater in capital markets
We recently detailed Assembly Bill 254, which overhauls California’s approach to wildfires. In addition to promoting new transmission
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Sir Anthony Hopkins Loses Everything In California Wildfires, Says He’s Thankful To Be Alive
Sir Anthony Hopkins reveals he lost everything in the California wildfires but remains grateful that he and his wife Stella escaped unharmed with their cats.
Three major California utility companies at the center of multiple fire-related lawsuits share one thing in common: donations to Democrats.
Castro won a $2 billion Powerball lottery in 2022. Since the fire earlier this year, he has been buying up lots in Altadena, California, with the hopes of leading the rebuilding efforts there. He has already spent $10 million on 15 lots, but he’s not the only one looking to buy in the wake of the disaster.
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