Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
The LA fires have a shocking price tag — and we’ll all have to pick up the tab
As the region starts to recover, low-income residents will have the hardest time returning to normal, if they return at all. The fires will likely permanently reshape the character of communities in ...
California’s home insurance prices set to soar
Note that policy costs in these high-risk states, minus California, averaged $5,040 – roughly 150% more than Golden State ...
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 ...
insurancebusinessmag12d
Revealed - California FAIR plan faces $4.8 billion exposure from LA fires
The FAIR Plan’s potential exposure is over $4 billion for the Pacific Palisades Fire and more than $775 million for the Eaton ...
'It's a disaster': Here are top 10 Bay Area neighborhoods with the highest non-renewal rates
The California FAIR Plan has doubled in size since 2015, now accounting for roughly half a million policyholders across the ...
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
PBS7d
California's FAIR Plan Strained by Wildfires
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 ...
Los Angeles Daily News2d
FAIR Plan gets 4,400 insurance claims from LA County wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...
California lawmakers want oil companies to be liable for natural disasters
Two Democratic California state senators on Monday will announce a proposal allowing the victims of natural disasters and ...
Pasadena Star-News3d
FAIR Plan gets 4,400 claims from LA wildfire victims
In a statement released Thursday, Jan. 30, the California FAIR Plan reported receiving more than 4,400 claims from victims of the Palisades and Eaton fires in the past three weeks. “The FAIR ...