The New York Times20d
California’s Insurance System Faces Crucial Test as Losses Mount
the rapidly growing FAIR Plan has become the linchpin holding together California’s increasingly fragile insurance market. Because of the fires that started last week, that linchpin may be about ...
Newsweek17d
California Homeowners Unaffected by Wildfires Could Get New Insurance Bill
This change could mean policyholders are saddled with unwelcome increases on their ... strategy to stabilize California's insurance market. By strengthening the FAIR Plan while providing financial ...
California Wildfires Push Insurance Crisis to 'New Level'
As the scope of the losses caused by the Los Angeles wildfires unfolds, experts say the blazes are likely to bring higher premiums and more coverage cuts.
ABC7 San Francisco18d
What happens if CA FAIR Plan goes bankrupt? Here's how it could affect policyholders
"Why should people in San Francisco pay for a fire that was insured by a consortium of insurance companies ... to look like." The California FAIR Plan has seen an increase in demand since 2019 ...
insurancebusinessmag13d
California lawmakers seek greater oversight of FAIR Plan
California legislators are pursuing greater oversight of the California FAIR Plan Association, the state’s insurer of last ...
CBS News19d
How the Los Angeles wildfires can increase insurance rates for all Californians
The program guaranteeing fire insurance coverage for homeowners turned down by traditional companies, known as the California FAIR Plan, could run out of money following the devastating ...
ABC7 San Francisco20d
FAIR Plan coverage caps at $3 million: Here's why experts are worried about Bay Area housing market
The impacts are expected to be significant when it comes to access to coverage and a likely jump in premiums across the market ... the California FAIR Plan caps insurance payments for natural ...
Los Angeles Times16d
California’s FAIR Plan, the home insurer of last resort, may need a bailout after the L.A. fires
Some faced big increases in premiums ... in the fire zones were on the FAIR Plan after insurers pulled back from California’s troubled insurance market. Forking over billions of dollars could ...
The Fresno Bee18d
Bill meant to help stabilize California insurance market has support. When could it pass?
A bill meant to help stabilize California’s troubled insurance ... in the market then it becomes much more precarious than it already is.” This proposal would allow the FAIR Plan to use ...
JD Supra4d
What You Need to Know about the California Fair Access to Insurance Requirements Plan (FAIR Plan)
This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
AOL21d
Homeowners in California could pay a surcharge of $1,000 or more if FAIR Plan runs dry
Consumer Watchdog estimates home insurance rates could increase ... California's insurance market. Olga Sajkowski's home in Malibu burned down last week. She and her husband sought out FAIR Plan ...
California had a home insurance crisis before the LA fires. It's only going to get worse.
The California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to ...