Last week, California Insurance Commissioner Ricardo Lara approved a significant expansion of the California FAIR Plan’s ...

The house was covered by the California FAIR Plan, a private association that provides fire insurance to homeowners in the state who can’t otherwise find coverage. It is made up of all the companies ...

Insurance Commissioner Ricardo Lara announced the approval of the FAIR Plan Association’s commercial filing to increase commercial property coverage limits. This move is a key element ...

Since the LA fires on January 7, much more attention has been put on the California FAIR Plan, the state's fire insurer of last resort. Once thought of as a small, rarely-used backstop ...

From September 2019 to June 2024, the number of FAIR Plan policies for California homes soared by 164%, the plan’s data shows ...

The California FAIR Plan last month required member companies such as State Farm, Allstate Corp. and Chubb Ltd. to cough up a combined $1 billion to bolster its reserves as it sorts through ...

Plan is the state’s insurer of last resort. However, as challenges with insurance availability continue to persist, it has ...

The FAIR Plan has not taken a position on the legislation, according to plan spokesperson Hilary McLean. If the bill passes, California could be the first state to put lawmakers on a FAIR Plan ...

And State Insurance Commissioner Ricardo Lara approved the California FAIR Plan’s request to assess insurance companies for the funds it needs. Lara’s approval limits how much of the ...

What happens if the FAIR plan goes bust? If the money in the FAIR Plan runs out, insurance companies operating in California may be required to contribute additional capital to the plan.

Since the LA fires on January 7, much more attention has been put on the California FAIR Plan, the state's fire insurer of last resort. Once thought of as a small, rarely-used backstop, the plan is ...

California Insurance Commissioner Approves Major FAIR Plan Expansion to Help HOAs, Builders, Farmers, and Businesses Access ...