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The Latest Breaking News from FAIR

California's insurer of last resort has potential exposure to LA wildfires of nearly $5 billion and reinsurance of $5.78 billion

"The FAIR Plan, a not-for-profit catastrophe insurer, has the payment mechanisms in place to ensure all covered claims will be paid."

‘A ton of unknowns’: months ago, LA residents lost wildfire insurance. Then the fires came

‘A ton of unknowns’: months ago, LA residents lost wildfire insurance. Then the fires came

After insurers like State Farm dropped policies, to switch to the state’s Fair plan was prohibitively pricey for many

The Guardian - US

California homeowners could be on the hook for $1,000 or higher surcharge if FAIR Plan runs dry

California homeowners could be on the hook for $1,000 or higher surcharge if FAIR Plan runs dry

"We are one event away from a large assessment," Victoria Roach, president of the FAIR Plan, said last year.

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California's Insurance Regulation Fixes Came Too Little, Too Late

Decades-old, voter-approved restrictions on insurers raising premiums have created a regulatory disaster to match the natural one.

An investor who spent $27 million on a mansion that burned down on 'Billionaire's Beach' only expects $3 million from insurance

Real estate investor Robert Rivani was planning to list the five-bedroom Malibu mansion this spring for $40 million.

Just before wildfires hit, California told insurers to cover homes in risky areas—in exchange for passing on more costs

Insurers can incorporate reinsurance costs in their calculations for what they will charge consumers.

The LA wildfires will cause chaos for California’s home insurance market

New rules allowed climate change consideration in premiums

The Independent UK

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How Mark Zuckerberg went all-in to make Meta a major AI player and threaten OpenAI’s dominance

How Mark Zuckerberg went all-in to make Meta a major AI player and threaten OpenAI’s dominance

Working with open-source models helped Llama catch up with ChatGPT; Meta stock, meanwhile, has reached all-time records.

Washington Sued for 'Racially Conscious' Homeownership Program

Washington's Covenant Homeownership Program excludes certain applicants on the basis of race.

Fairgoers join Ken Paxton in suing Texas State Fair for allegedly violating their gun rights

Three fairgoers are requesting up to $1 million in damages and to allow guns at the State Fair.

The Texas Tribune

It’s Not Just Trump’s New York Rally — As President, He Appointed More Than a Dozen People With Ties to Racist Groups or Ideologies

It’s Not Just Trump’s New York Rally — As President, He Appointed More Than a Dozen People With Ties to Racist Groups or Ideologies

Trump’s Madison Square Garden event has focused public attention on racism and hate within the former chief executive’s campaign. During his administration, figures connected to white supremacy had prominent roles.

Texas Supreme Court Deals New Blow to AG Ken Paxton, Upholds State Fair's Gun Ban

Texas Supreme Court Deals New Blow to AG Ken Paxton, Upholds State Fair's Gun Ban

The attorney general had been waging a legal fight to overturn the decision, implemented after a shooting took place at the event last year

Court Rules Texas State Fair Can Ban Guns But AG Paxton Wants to Take it With the State Supreme Court

Court Rules Texas State Fair Can Ban Guns But AG Paxton Wants to Take it With the State Supreme Court

The event is set to start on Friday

Texas Supreme Court leaves State Fair’s gun ban in place

Attorney General Ken Paxton had turned to the high court to overturn the ban after other lower courts declined to intercede.

The Texas Tribune

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The Independent UK

Judge denies effort to halt State Fair of Texas' gun ban

A judge has denied a effort by Texas Attorney General Ken Paxton to halt the recently announced ban on guns at the State Fair of Texas

The Texas Tribune

Judge allows Texas State Fair’s gun ban to stand for now

Texas AG Ken Paxton says the fair's gun ban violates state law, which bars most government bodies from prohibiting weapons.

What to See at The Armory Show — 9 Striking Design Installations to Catch at New York's Biggest Art Fair

Launching today, the 30th edition of the influential NYC showcase presents more than 235 galleries from 35 countries. Here's what you shouldn't miss

Texas AG Paxton sues Dallas over ban on firearms at State Fair after deadline to comply passes

"I warned fifteen days ago that if they did not end their unlawful conduct I would see them in court, and now I will," Paxton said in a statement

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The Independent UK

Texas Attorney General Paxton sues to block gun ban at the sprawling State Fair of Texas

Texas Attorney General Ken Paxton has filed a lawsuit seeking to block a ban on firearms at the sprawling State Fair of Texas, one of the state’s biggest annual celebrations

The Independent UK

Biden restarts immigration program for 4 countries with more vetting for sponsors

The Biden administration is restarting an immigration program that allows migrants from Cuba, Haiti, Nicaragua and Venezuela to come to the United States

Texas AG gives Dallas hard deadline to allow guns into State Fair

The decision to ban guns from the event has drawn ire from local Republicans. AG Ken Paxton gave Dallas "fifteen days to fix the issue."

The Texas Tribune

Attorney General Ken Paxton threatens to sue Dallas over State Fair gun ban

A state fair spokesperson said they would cooperate with the city of Dallas’s guidance on the matter.

Texas House Republicans urge State Fair to rescind its decision to ban all firearms on the grounds

Last year, a gunman opened fire at the fair, injuring three people; the fair's firearm policy was changed las week

The Texas Tribune

Texas House Republicans petition State Fair to rescind gun ban

The Texas State Fair announced guns would be banned on the grounds after three people were injured by gunfire at last year’s event.

A Rancher Who Leads a Paramilitary-Style Group Sues Biden over Border Policies

The rancher is joined by a rural Texas sheriff, who has collaborated with vigilantes, in the legal challenge to federal immigration policies.

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