After announcing solvency, CA fair plan then comes up $1B short for LA.Rolls onto private insurers.

California is a shining example of corruption, mismanagement and overall thievery. ‘Fair Plan’ state insurance comes up a billion dollars short a week after the insurance commissioner announced adequate funds for all payouts. Now California wants to make private insurers responsible to make up that $1 billion. Insanity. Private insurers will end up raising rates for homeowners who are already overstretched on home insurance prices due to several recent increases by all carriers. A real nightmare scenario for people on the edge of keeping their homes.