‘Below $3 Per $1,000 of…’ LA Fires, Uninsured California Homes, And The Climate Change Connection

California’s Insurance System Faces Crucial Test as Losses MountThe California FAIR Plan, the state’s insurer of last resort, had just $377 million available last week to pay claims that could reach billions, officials said.As of last Friday, the FAIR Plan had just $377 million available to pay claims, according to the office of Senator Alex Padilla, Democrat of California. It’s not yet known how much in claims the plan will face but the total insured losses from the fires so far have been estimated at as much as $30 billion. Because the fires are still burning, that number could grow. n18oc_world n18oc_crux

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‘Below $3 Per $1,000 of…’ LA Fires, Uninsured California Homes, And The Climate Change Connection