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Washington Post

California's Insurer of Last Resort Runs out of Money to Pay L.A. Fire Claims

2025-01-08T215105Z_928012380_RC2W5CAF4EFM_RTRMADP_3_CALIFORNIA-WILDFIRES

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The Washington Post

16:30 JST, February 12, 2025

California’s home insurance plan of last resort has run out of money to pay the wave of claims stemming from the Los Angeles fires and will receive a bailout of $1 billion, state regulators announced Tuesday.

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