Correction: California-Home Insurance-Things To Know story
California Insurance Commissioner Ricardo Lara speaks during a news conference in a Sacramento, Calif., on Thursday, Sept. 21, 2023. Lara announced a new plan aimed at keeping insurance companies from leaving the wildfire-prone state. Credit: AP/Adam Beam
SACRAMENTO, Calif. — In a story published September 22, 2023, about property insurance, The Associated Press erroneously reported that insurers must pay into a fund to provide coverage for people who can’t get coverage through no fault of their own. The fund is primarily funded by policies sold to customers. Insurers only pay into the fund if it is insolvent or to keep it from going insolvent.
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