How the destructive Los Angeles wildfires can drive insurance rates up for all Californians

Name: How the destructive Los Angeles wildfires can drive insurance rates up for all Californians
Uploaded: 2025-01-14T22:52:00-0800
Duration: 2 min 44 s
Description: The Fair Plan, managed by state officials, provides basic fire coverage in high-risk areas where traditional insurance companies won't. The reconstruction costs could empty the account and require private insurers to raise rates for everyone to replenish the funds. Jeff Nguyen reports.

The Fair Plan, managed by state officials, provides basic fire coverage in high-risk areas where traditional insurance companies won't. The reconstruction costs could empty the account and require private insurers to raise rates for everyone to replenish the funds. Jeff Nguyen reports.