That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
The California Department of Insurance (CDI) has released claims payment data showing that insurers have already paid out ...
Two Democratic California state senators on Monday will announce a proposal allowing the victims of natural disasters and ...
California lawmakers propose legislation that could allow vicims of the devastating Southern California wildfires to sue oil and gas companies.
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
The CEO of the American Property Casualty Insurance Association (APCIA) has joined the calls on the California legislature to ...
With non-renewals and coverage drops, many Californians are insured against fire through the California FAIR Plan. However, the plan is on rocky ground after the LA fires.
Campbell said this requirement is designed to ensure the program remains a true last-resort option and avoids issues seen ...
Insurers, who have reportedly agreed to phase in selling new policies even in fire risk areas, are confronted with massive ...