A Butte County family is suing the California FAIR Plan and the underlining carriers after smoke damage claims made as a ...
Customers of the state-chartered Fair Plan face problems including canceled policies, refusals to treat toxins from smoke and ...
Homeowners whose properties experienced some damage from the recent wildfires are frustrated with the FAIR Plan after ...
"Six billion pounds of toxic material was released when it came to these fires," said attorney Bryan Aylstock. "Insurers are ...
The house was covered by the California FAIR Plan, a private association that provides fire insurance to homeowners in the ...
Last week, California Insurance Commissioner Ricardo Lara approved a significant expansion of the California FAIR Plan’s ...
According to the latest data, the California FAIR Plan is the sixth largest ... charge she and all other ratepayers will pay to make up for the plan's losses. For Rex Frazier, a lobbyist for ...
From pushing for oversight of the FAIR Plan to providing tax breaks for premiums, California lawmakers try to fix insurance market problems.
California insurance laws allow the FAIR Plan, with Lara's approval, to assess all participating insurance companies to pay for its losses when the plan faces a substantial threat to its solvency.
This includes $212 million in retained losses after reinsurance, and State Farm’s special assessment of $400 million that it must pay into the California FAIR plan, an insurer of last resort. State ...
The FAIR Plan supports it. Senate Bill 495, by Sen. Ben Allen, a Democrat from El Segundo, would make California the only state in the nation to require insurers to pay claims in full without ...
aimed at allowing it to spread out claims payments over time. It would do that by allowing the FAIR Plan to obtain bond financing through the California Infrastructure and Economic Development Bank.
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