California could be a testing ground for a carrot-and-stick approach to preventing the collapse of insurance markets as ...

A year after CBS News California Investigates exposed concerning secrecy within the California FAIR Plan, state Insurance Commissioner Ricardo Lara is making good on his promise to change state law.

In the closing days of the legislative year, California lawmakers sent Gov. Gavin Newsom a bill that is meant to toughen scrutiny of the state’s embattled fire insurer of last resort by insisting that ...

FAIR Plan now dominates coverage in some regions as insurers pull back. Ag groups say rural policies aren’t returning to the private market. Rising losses and pricing tensions complicate insurance ...

The FAIR Plan, California’s last-resort insurance program for homeowners needing fire coverage, is seeking approval for steep rate hikes averaging 35.8%, though some policyholders could actually see ...

The California FAIR Plan has proposed raising home insurance rates by an average of 35.8% starting next spring - a hike that, if approved in full, would be its largest in at least seven years.