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California's Insurance FAIR Plan Get's $1B Bailout After The Palisades And Eaton Fires.

California's Insurance FAIR Plan Get's $1B Bailout After The Palisades And Eaton Fires.

Also, California power company accused of altering evidence after the Eaton Fire.

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The Hotshot Wake Up
Feb 12, 2025
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The Hotshot Wake Up
The Hotshot Wake Up
California's Insurance FAIR Plan Get's $1B Bailout After The Palisades And Eaton Fires.
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Now that the smoke has settled around Los Angeles, California, the cost of the destruction caused by the Palisades and Eaton fires is slowly being tabulated. The insurance costs have been so significant that the California FAIR Plan, the insurer of last resort, said they would need a bailout to stay financially solvent.

And they got just that: $1 billio…

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