NEW YORK, May 13 (Xinhua) -- Insurers are seeking to charge homeowners across the U.S. state of California for some of the costs of the catastrophic Los Angeles County fires the companies were burdened with when the state's insurer of last resort needed a bailout, reported the Los Angeles Times on Tuesday.
The California FAIR Plan Assn., with the approval of state Insurance Commissioner Ricardo Lara, assessed its member carriers 1 billion U.S. dollars on Feb. 11 when the plan was swamped with thousands of claims after the Jan. 7 fires in Pacific Palisades, Altadena and Sylmar, according to the report.
