Posted inLocal News

California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’

AFTER SAYING IT would run out of funds by March, California’s last-resort fire insurance provider will impose a special charge of $1 billion on insurance companies — which will in turn pass the costs along to homeowners — the first such move in more than three decades. The state Insurance Department last week approved a […]

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