This alert begins our series discussing legal issues related to the Southern California wildfires. We will continue to provide updates as ...
California’s insurer of last resort reported that claims now are high enough to trigger “re-insurance” payments from back-up ...
Farmers Insurance Group issued its initial California wildfire loss report last week, pegging losses at $1.60bn to $2.15bn, ...
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
That's enough to kick the plan's strained finances further into crisis mode, increasing the chances that homeowners statewide ...
California legislators are pursuing greater oversight of the California FAIR Plan Association, the state’s insurer of last ...
The California FAIR Plan has doubled in size since 2015, now accounting for roughly half a million policyholders across the ...
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 ...
The California wildfires could drive up premiums and prompt a new wave of private insurers dropping policies or declining to ...
See also: Anguished homeowners struggle to keep their insurance However, it’s not yet clear if the FAIR Plan needs to invoke these payment mechanisms. “We have not yet asked the California ...