That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
Wildfires push California property owners to the costly FAIR insurance plan. With insurers canceling or refusing policies in high-risk wildfire areas, more Californians are turning to the FAIR ...
In 2023, the plan ... California Department of Insurance data shows. Now, the FAIR Plan is one of the top five insurers in ...
California’s insurer of last resort reported that claims now are high enough to trigger “reinsurance” payments from back-up providers.
To remain solvent, California’s Fair Plan may turn to its member insurers for financial help and prompt them to levy surcharges on policyholders. The California FAIR Plan Assn., the state’s ...
SAN FRANCISCO (KGO) -- What happens if the California FAIR Plan goes under in the wake of the devastation in Los Angeles? And what impact could it have on the 8.7 million policyholders across the ...
The California Department of Insurance said ... before they pay anything," the CDI said in an FAQ page. "While the FAIR Plan ...
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
The CEO of the American Property Casualty Insurance Association (APCIA) has joined the calls on the California legislature to ...
California legislators are pursuing greater oversight of the California FAIR Plan Association, the state’s insurer of last ...