California’s insurer for people without private coverage needs $1 billion more for LA fires claims
FILE – A property burned by the Eaton Fire is seen Thursday, Feb. 6, 2025, in Altadena, Calif. (AP Photo/Ethan Swope, File) Roughly 4,700 claims have been filed so far through California’s FAIR Plan which has already paid out more than $914 million. California’s plan that provides insurance to homeowners who can’t get private coverage…